Shared Ownership
This superb modern home is available to buy from as little as £152,000 with a 38% share!
Located in the popular Cleve Leaze area of Thornbury, this attractive three-bedroom home offers well-balanced accommodation extending to approximately 944 sq ft, making it an ideal choice for families, first-time buyers and downsizers alike.
The ground floor comprises a welcoming entrance hall, a spacious front-facing sitting room providing a comfortable space to relax, and a generous kitchen/dining room to the rear of the property, ideal for family life and entertaining, with direct access to the garden. A convenient cloakroom completes the ground floor accommodation.
On the first floor are three well-proportioned bedrooms, including a particularly spacious principal bedroom, together with a family bathroom.
Outside, the property benefits from a good-sized rear garden, offering plenty of space for children to play, outdoor entertaining and keen gardeners. To the front, a private driveway provides off-road parking for two cars.
Conveniently positioned close to local amenities, schools and transport links, this is a fantastic opportunity to acquire a spacious and practical home in a sought-after residential location.
PRICING & AFFORDABILITY
Full Market Value: £400,000
38% Share Price: £152,000 (rent £581.14 pcm)
Minimum 5% Mortgage Deposit (38% share): £7,600
Approximate Service Charges: £42.12 pcm*
Lease: 988 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.
** This home can also be purchased outright (100% of the value) which is £400,000 and a purchaser would not need to meet the eligibility criteria listed above.
