2 bed flat for sale

Fellowes Rise, Winchester, Hampshire SO22

This superb modern home is available to buy from as little as £97,500 with a 25% share!

No onward chain! This well-presented two-bedroom first-floor apartment offers a bright and inviting living space in a highly desirable part of Winchester. The property features a spacious open-plan kitchen and lounge. Two generously sized bedrooms offering flexibility and comfort, while the modern bathroom provides a sleek and functional finish. A private balcony extends the living area outdoors, creating an ideal spot to enjoy morning coffee or unwind in the evening. In addition, the property comes with the convenience of residents’ parking.

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: £390,000

25% Share Price: £97,5000 (rent £670.35pcm)
Minimum 5% Mortgage Deposit (25% share): £4875
Approximate Service Charges: £133.39pcm*
Lease:130 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 £390,000 and a purchaser would not need to meet the eligibility criteria listed above.