The 'Bank of Mum and Dad' has always been an excellent way to help first-time buyers take their first step onto the property ladder and, in 2023, financial family assistance has provided more help to homebuyers than ever before. According to Legal and General, a record 318,400 purchases will be supported by family this year, with 47% of all home purchases by buyers under the age of 55 set to be family-driven[1]. For first-time buyers keen on securing their first home with the assistance of their parents, Sovereign Network Group's collection of Shared Ownership apartments at Knights Quarter in Winchester, Hampshire are the perfect place to set down roots. Occupying a prime position just a few minutes' walk from the city centre, alongside a modern interior specification, the apartments within the development will ensure both buyers and their parents are more than satisfied.

Offering a fantastic base for first-time buyers to make the most of city living, Knights Quarter is beautifully situated close to the train station, connecting passengers to the cities of Southampton or London. Comprising a collection of one and two bedroom apartments, each property is available to purchase through Shared Ownership with 5% deposits from as low as £3,438[2], making it a much more affordable venture for buyers and their assisting family members. Alongside a prime location, residents at Knights Quarter will benefit from stunning landscaped surroundings, while parents can rest easy knowing that their children can fly the nest in a high quality home nestled at the heart of a safe new neighbourhood.

Lisa Moran, Sales and Marketing Director at SNG, comments: “Over the past year, we've seen an increase in family members – especially parents - offering financial help to their loved ones to assist them in buying their first home. Winchester is such a fabulous location for first-time buyers, with the buzz of city living and an array of retail and entertainment hot spots on the doorstep, buyers won't have to compromise on a vibrant lifestyle.”

Apartments at Knights Quarter have been designed to blend a stunning design with spacious open-plan interiors.  Built in electric oven with hob and extractor fan are seamlessly integrated into the design.  Modern bathrooms feature stylish white suites and ladder style towel rail and each home has fitted carpets and flooring throughout. Some properties also benefit from a covered terrace or balcony, providing access to a private outdoor space in all weathers.

The location of Knights Quarter makes it the epitome of convenient living. Winchester city centre hosts a range of shops and leisure facilities, including a selection of high street brands and independent boutiques, not to mention a selection of preloved shops for those looking for sustainable clothing solutions.  Anyone hoping to grab a bite to eat will also be spoilt for choice, as the city has a range of top restaurants including The Ivy and Kyoto Kitchen.  The city has a wonderful weekly market with lots of delicious tasty treats, held three times a week on Thursday, Friday and Saturday. And, no home move would be complete without a trip to IKEA, with new residents at Knights Quarter able to reach the Southampton store in under half an hour.  Any buyers reserving a new home will receive a £3,000 IKEA voucher on completion* – which will make that trip to the Swedish emporium so much more fun!

Those looking for open green spaces to enjoy will be impressed by the abundance of greenery available in Winchester. St Giles Hill rewards those that climb it with stunning panoramic views of the city, or walkers can choose to take a relaxed stroll by the idyllic banks of the River Itchen along The Itchen Way. Buyers are on the doorstep of the South Downs with endless miles of open space to explore.  They can also reach the beautiful New Forest National Park in just 24 minutes by car, allowing them to explore 566 square kilometres of pristine woodland, heathland and river valleys. Furthermore, Royal Winchester Golf Club is just five minutes away, providing members with the opportunity to take advantage of the outstanding natural downland course all year round.

For Knights Quarter residents, Winchester provides swift access to London. Trains from Winchester Station (just half a mile from Knights Quarter), run directly into London Waterloo in under an hour. The M3, meanwhile, provides easy access to London by road, as well as to the south coast. For international travel, Knights Quarter is just 12 miles from Southampton Airport and Southampton Docks.  Allocated parking is available for the two bedroom apartments.

Prices at Knights Quarter start from £68,750 for a 25% share of a one bedroom apartment. For more information, please visit www.sovereignliving.org.uk.

* Paid upon completion of sale. Terms and conditions apply. For more information, please speak to a member of our sales team

-ENDS-

For further press information, please contact the SNG team at Oracle PR: sovereign@oraclepr.co.uk / 0208 394 2821

About SNG

SNG (Sovereign Network Group) is one of the largest housing associations, providing over 82,000 homes in areas facing some of the most acute housing need across London and the South of England, with an ambition to build an additional 2,500 homes a year by 2026. It was formed on 1 October 2023 through the bringing together of Sovereign Housing Association and Network Homes.

SNG is a leading builder of affordable homes, including for social rent, and it has a clear pathway to maximise its social and environmental sustainability through its ambitious Homes and Place Standard alongside its planned £100m Community Foundation.

SNG is a member of the G15 group of London's largest housing associations. The G15 is the collective voice of some of the leading organisations in the housing sector. Its members house one in ten Londoners and are the largest providers of affordable homes in the capital, building a quarter of all London's new homes, and owning or managing more than 600,000 homes.

[1] https://www.legalandgeneral.com/retirement/equity-release/guides/bank-of-family/our-research/

[2] Based on purchasing a 25% share of a one-bedroom apartment priced at £275,000