Windwhistle Rise, East Meon, Petersfield, Hampshire

A fabulous, high specification, shared equity two bedroom ground floor apartment situated on this sought after new development in the quintessential South Downs village of East Meon. The property is ready for immediate occupation and comprises of an excellent, open plan kitchen / dining / living room with integrated appliances including fridge/freezer and washer/dryer, two good size bedrooms and a well-appointed family bathroom. The property also has the benefit of two allocated parking spaces, a communal cycle store, communal garden and heating is provided via an air source heat pump. There are also fabulous views over the nearby countryside.

The properties were constructed by a very well regarded local developer, Merlin Homes, on behalf of Landspeed Homes Ltd. 4 Windwhistle Rise can be purchased at 70% shared equity (£231,000) based the full open market value of £330,000. There is NO RENT TO PAY on the 30% balance.

Certain basic criteria must be met in order to purchase this property and full information regarding the shared equity scheme is available upon request. Please note that the internal photographs are used for illustrative purposes from one of the first floor plots that are nearly identical. The only real difference to this ground floor plot is that it doesn’t have a window at the rear of the kitchen.

East Meon is a popular and picturesque village that has two public houses, a primary school, church and a village store with Post Office. There is an active village hall which hosts monthly cinema showings, (depending on the season), very active gardening and history clubs, a thriving day nursery and many other daytime and evening events. The surrounding countryside is nestled in the heart of the South Downs National Park and as can be expected offers fantastic walking and riding. Nearby, Petersfield provides excellent amenities including a twice weekly market, supermarkets include Waitrose, Tesco and M&S food hall and there are numerous cafes and boutique shops together with a mainline railway station serving London Waterloo.

MORTGAGE EXAMPLE

Plot 7 East Meon
Quotes below are based on a mortgage valuation of £330,000 and a mortgage of £214,500 with a deposit of £16,500(5%) over 35 years on a 5 year fixed rate and are an indication of current rates which may go up or down prior to application.

4.53% Fixed for 5 years
Survey fee: £100 (Payable on application)
Lender Arrangement fee £999 (Can be added to loan, figures assume added)
John Charcol Ltd broker fee £299 (Payable at mortgage offer)
Redemption penalty: 5%/4%/3%/2%/1% Early Repayment charges within the 5 year rate on any overpayment greater than 10% of the amount borrowed per annum.
Monthly payment £1023.11 over 35 years repayment, during the fixed rate period