Shared Ownership
This superb modern home is available to buy from as little as £112,000 with a 40% share!
A well presented first floor apartment offered to the market with no onward chain and presented in good order throughout. The accommodation comprises a spacious open plan Lounge/kitchen/dining room with doors that open to a private balcony. There are two double bedrooms (en suite to bedroom one) and a family bathroom. Externally are communal grounds and allocated parking.
Situated in Stoke Gifford,, the property enjoys a highly convenient location with a range of local amenities close by. Residents benefit from easy access to nearby shops, supermarkets, cafes and leisure facilities, while larger retail and dining options can be found at Abbey Wood Retail Park and The Mall at Cribbs Causeway. The area is also well regarded for its proximity to major employers, including those within the Bristol Parkway and Filton business hubs.
Commuters are particularly well served, with Bristol Parkway Station just a short distance away, providing direct links to Bristol Temple Meads, London Paddington and beyond. Excellent road connections via the M32, M4 and M5 ensure straightforward travel across the region, while regular bus services connect Stoke Gifford to Bristol city centre and surrounding areas.
PRICING & AFFORDABILITY
Full Market Value: £280,000
40% Share Price: £112,000 (rent £317.11pcm)
Minimum 5% Mortgage Deposit (40% share): £6,600
Approximate Service Charges: £157.45pcm*
Lease: 121 years remaining
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.
