Shared Ownership
This superb modern home is available to buy from as little as £80,000 with a 40% share!
Situated in the desirable village setting of Coalpit Heath in Bristol, this charming ground-floor home offers a well-balanced layout designed for comfortable modern living. Thoughtfully arranged and well presented throughout, the property combines practicality with welcoming interiors, making it an ideal choice.
At the heart of the home is a bright and spacious open-plan kitchen and reception area, providing a versatile space for relaxing, dining, and entertaining. The layout creates an inviting atmosphere with ample room to personalise, while the adjoining kitchen is conveniently positioned to maximise functionality and everyday ease.
The generous double bedroom offers a peaceful retreat with plenty of natural light and useful storage options, complemented by a well-appointed bathroom nearby. A separate hallway adds to the sense of space and privacy, while an additional storage cupboard provides valuable practicality.
Conveniently located within easy reach of local amenities, transport links, and green spaces, this attractive property presents an excellent opportunity to enjoy village living with easy access to Bristol and the surrounding areas.
PRICING & AFFORDABILITY
Full Market Value: £200,000
40% Share Price: £80,000 (rent £190.52 pcm)
Minimum 5% Mortgage Deposit (% share): £4,000
Approximate Service Charges: £190.52 pcm*
Lease: TBC
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.
** This home can also be purchased outright (100% of the value) which is £200,000 and a purchaser would not need to meet the eligibility criteria listed above.
