Shared Ownership
This superb modern home is available to buy from as little as £162,000 with a 40% share!
Situated within the popular Abel Yard development on Rope Walk in Bristol, this well-proportioned two bedroom apartment offers approximately 772 sq ft of accommodation, a private balcony and one allocated parking space. The property benefits from a practical layout and contemporary open plan living, making excellent use of the available space.
The accommodation comprises a spacious open-plan kitchen, living and dining area with direct access to the private balcony, providing an ideal space for relaxing or entertaining. There are two generously sized bedrooms, with the principal bedroom benefiting from its own en-suite shower room. A separate family bathroom and useful built-in storage complete the accommodation.
Conveniently located within Bristol, the property enjoys access to a wide range of local amenities, shops, cafés and restaurants. Bristol city centre offers further shopping, dining and leisure facilities, while nearby transport connections provide access to surrounding areas and beyond.
PRICING & AFFORDABILITY
Full Market Value: £405,000
40% Share Price: £162,000 (rent £508.03pcm)
Minimum 5% Mortgage Deposit (40% share): £8,100
Approximate Service Charges: £238.70pcm*
Lease: 119 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.
Council Tax Band D
