Shared Ownership
This superb modern home is available to buy from as little as £116,000 with a 40% share!
Situated on the second floor of the Rope Walk development, this well-proportioned one-bedroom apartment offers approximately 529 sq ft of accommodation, with a modern open-plan layout and the added benefit of a private balcony. The property provides a practical and comfortable living space in a convenient central Bristol location.
The accommodation comprises a spacious open-plan kitchen/reception room, offering ample space for both living and dining furniture, with direct access to the private balcony. The kitchen is arranged along one wall, creating a sociable and functional living area. There is a generously sized double bedroom, a bathroom fitted with a contemporary suite and useful storage space accessed from the hallway.
Rope Walk is conveniently positioned for access to Bristol city centre, offering a wide selection of shops, restaurants, cafés and leisure facilities. The popular Harbourside area, Cabot Circus shopping centre and Temple Meads railway station are all within easy reach, providing excellent amenities and transport connections. The surrounding area also benefits from a variety of independent businesses, cultural attractions and green spaces.
PRICING & AFFORDABILITY
Full Market Value: £290,000
40% Share Price: £116,000 (rent £350.95pcm)
Minimum 5% Mortgage Deposit (40% share): £5,800
Approximate Service Charges: £161.06pcm*
Lease: 118 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.
Council Tax Band D
