2 bed flat for sale

Fellowes Rise, Winchester, Hampshire SO22

Shared Ownership

This superb modern home is available to buy from as little as £164,500 with a 35% share!

Set within a desirable Winchester location, this well-presented third-floor apartment offers light-filled accommodation with a practical and contemporary layout, ideal for owner-occupiers and investors alike.
The property features a spacious open-plan kitchen, dining, and reception area that forms the heart of the home. This space is thoughtfully arranged to accommodate both everyday living and entertaining, with ample room for seating and dining. The kitchen is neatly integrated, providing good storage and worktop space while maintaining a sociable, open feel.
There are two well-proportioned bedrooms, both benefiting from natural light and suitable for a range of uses, including a comfortable main bedroom and a versatile second bedroom that could also serve as a home office or guest room. The accommodation is complemented by a modern bathroom finished in a clean, neutral style.
Positioned on the upper floor, the apartment enjoys an elevated outlook and a sense of privacy, while the building itself is conveniently located for access to Winchester city centre, local amenities, and transport links. This property represents an excellent opportunity to secure a low-maintenance home in a highly sought-after area.

The property is ideally positioned within easy reach of Winchester city centre, renowned for its historic character, vibrant cultural scene, and wide range of shops, cafés, and restaurants. Everyday amenities are readily accessible, including supermarkets, leisure facilities, and well-regarded schooling options. Winchester railway station provides direct services to London Waterloo and other major destinations, making the location particularly attractive for commuters, while excellent road connections via the M3 offer convenient access to Southampton, Basingstoke, and the wider South East. The surrounding area also benefits from attractive green spaces and countryside walks, combining city convenience with a high quality of life.
Pricing & affordability


Full Market Value: £470,000

35% Share Price: £164,500 (rent £654.36 pcm)
Minimum 5% Mortgage Deposit (% share): £6,725
Approximate Service Charges: £163.81 pcm*
Lease: 131 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 £470,000 and a purchaser would not need to meet the eligibility criteria listed above.