Plot 2 Wisteria Gate, 5 Sequoia Lane, Romsey, Hampshire, SO51

Apply now for a stunning newbuild Shared Ownership (part buy, part rent) 2 bedroom home. Shares start from 25%
Shared Ownership, also known as 'part-buy, part-rent' is a great option for new home buyers, or for
those struggling to save a large deposit. The Shared Ownership scheme allows you to purchase shares of your home, usually between 25% and 75%, initially and pay rent on the remaining share. Unlike buying on the open market, you don’t need a deposit for 100% of the property price. In many cases, you’ll only need a 5% deposit of the share you’re purchasing (subject to lender availability and criteria). You’ll need to be financially assessed to determine the share you are able to purchase.

MINIMUM 25% SHARE ADVERTISED AT £77,500 - FULL MARKET VALUE £310,000.

• Monthly rent example on un-owned 75% share: £532.81

• Monthly initial estimated service charges: £37.57

• Council Tax Band: TBC

• Predicted energy assessment rating: TBC

Who can apply for Shared Ownership?

You can apply if your household income is £80,000 a year or less and you can’t afford to buy a suitable

home on the open market.

If you’ve never owned a home before, Shared Ownership’s a fantastic opportunity to get on the
housing ladder and it’s also a great option if you’re in one of the following groups:

• You’ve owned a home before, but can’t afford to buy one now

• You’re forming a new household (for example, following a relationship breakdown)

• You’re an existing Shared Owner and want to move to a new home

• You own a home, but can’t afford to buy a new one that suits your current needs

If you own another property in the UK or abroad, you’ll need to sell this at the same time as buying
your new Shared Ownership home. So, if you’re a homeowner, VIVID will ask you to confirm your
property’s under offer.

At Wisteria Gate, you can buy additional shares in your home over time if you’d like to, so that
eventually you could own 100% of the property.

Eligibility conditions apply (see yourvividhome.co.uk for more information) Applicants priority will be on the following basis: Local connection.

Images shown may be photographs or CGI (computer generated images) of current or coming soon properties. Photographs or CGI images are produced in good faith as visual representations to give potential customers a representation of each house or apartment. They may not represent a specific plot, the finishes, plot sizes and landscaping will vary.

Please note that if you’re viewing this property via the Rightmove app, you won’t be able to view the development brochure which includes key information about shared ownership, so please visit VIVID | Wisteria Gate (yourvividhome.co.uk)

Wisteria Gate is a new development of homes, close to the historic town of Romsey and the River Test. Romsey is a beautiful market town on the edge of the New Forest with close links to Southampton and Winchester. Although rich in history, Romsey also has a cosmopolitan feel with stylish restaurants and bars and a range of shops including one-off boutiques alongside high street brands. Various events are held throughout the year including Romsey Carnival and an annual relay Marathon, which help to create a real community atmosphere. There are larger supermarkets just a few minutes’ drive away, and a regular farmers market too. Nearby Abbotswood offers new outdoor sports facilities including Astro turf football pitches and two rugby pitches. There is also a new pavilion with an exercise studio and a fitness and running trail around the site. Just a short journey away, Southampton city centre is approximately 7 miles away and offers a rich tapestry of cultural delights. museums, music venues, and art galleries coexist with award-winning parks, creating an inviting blend of experiences for residents and visitors alike. For those with a penchant for shopping and dining, West Quay shopping centre and West Quay One beckon with over 100 shops and restaurants, along with entertainment options such as a cinema and bowling. In the heart of the welcoming village of Braishfield itself is the community run Braishfield Pantry. This is a community space, café and shop all rolled into one. Nearby the Dog and Crook pub is popular with locals and offers weekly blackboard specials as well an array of homemade traditional pub dishes. Commuters will appreciate Braishfield's superb connectivity, with both the M27 and M3 within easy reach. The rail station in Romsey has direct routes to Salisbury, Portsmouth and Cardiff and is just 3 miles away. For those looking to travel further, Southampton Airport is less than 12 miles away offering flights within the UK and selected destinations abroad.