Fellowes Rise, Winchester, Hampshire, SO22 5SZ

Shared Ownership

This superb modern home is available to buy from as little as £111,000 with a 30% share!

This beautifully presented second floor apartment is situated within the sought-after Percival House development in Fellowes Rise, Winchester, offering a balanced combination of modern living and a convenient location.

Designed with practicality and comfort in mind, the property benefits from a thoughtful layout that maximises natural light and everyday usability. The accommodation centres around an open-plan kitchen, sitting and dining area, creating an inviting space suitable for both daily living and entertaining. The kitchen is neatly integrated, providing a contemporary and functional environment without compromising the flow of the living area. Double doors lead directly from this space to a private balcony, extending the living accommodation outdoors and offering an ideal spot for morning coffee or evening relaxation.

The apartment features two well-proportioned bedrooms, each offering flexibility for a range of needs, whether as sleeping accommodation, a home office, or guest space. A modern family bathroom serves the property, finished to a clean and neutral standard. This property benefits from an allocated parking space in addition to parking for visitors.

Positioned within easy reach of Winchester city centre, local amenities, and transport links, this property would suit professionals, downsizers, or investors seeking a high-quality home in a desirable area.

The location is a key highlight, with a wide range of amenities nearby including shops, cafés, restaurants, and open green spaces, all within easy reach. Winchester’s vibrant city centre is close by, offering cultural attractions, historic landmarks, and a bustling high street. For commuters, Winchester railway station provides direct and frequent services to London Waterloo and other destinations, while excellent road connections via the M3 and A34 make travelling across the South simple and efficient.

Combining modern living with the charm and convenience of this sought-after location, the apartment presents an excellent opportunity to enjoy all that Winchester has to offer.

PRICING & AFFORDABILITY

Full Market Value: £370,000

30% Share Price: £111,000 (rent £712.17 pcm) Minimum 5% Mortgage Deposit (30% share): £5,550 Approximate Service Charges: £159.92 pcm* Lease: 127 years

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000 • You have a deposit of at least 5% of the share value • You do not own another property or have your name on the deeds or a mortgage for a property worldwide. • This will be your only residence. • You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £370,000 and a purchaser would not need to meet the eligibility criteria listed above.