This superb modern home is available to buy from as little as £145,000 with a 50% share!
***NO ONWARD CHAIN***
Situated in a popular residential location, this well presented coach house offers comfortable and practical accommodation. Comprising a spacious living room with plenty of room for both relaxing and dining, a separate fitted kitchen, two bedrooms and a family bathroom. The property also benefits from an extended lease and a carport, providing useful covered parking or additional storage space.
Withy Close is situated within the popular Fishlake Meadows area of Romsey, conveniently positioned for access to the town centre. This charming Hampshire market town offers an excellent selection of independent shops, supermarkets, cafés, restaurants and traditional pubs, together with a range of leisure facilities. Romsey Abbey, the historic Broadlands estate and the picturesque River Test add to the area's appeal, while nearby Fishlake Meadows Nature Reserve provides beautiful surroundings for walking and enjoying the outdoors.
The property is particularly well positioned for commuters, with Romsey railway station just a short walk away, offering connections to Southampton, Salisbury and surrounding destinations. Excellent road links provide access to the M27 motorway, connecting to Southampton, Winchester and the wider South Coast. The nearby M3 offers further connections towards London, while the New Forest National Park is also within easy reach.
PRICING & AFFORDABILITY
Full Market Value: £290,000
50% Share Price: £145,000 (rent £274.84pcm)
Minimum 5% Mortgage Deposit (50% share): £7,250
Approximate Service Charges: £70.51pcm*
Shared Ownership Lease: 170 years (being extended by current owner upon completion of the sale)
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.
