Property Details: - Type: Apartment - Bedrooms: 2 - Bathrooms: 1

Agent: SOWN - National Phone: 023 8221 9179

Shared Ownership<br/><br/>This superb modern home is available to buy from as little as £94,000 with a 40% share!<br/><br/>Situated in the ever-popular Kingswood area, this well-presented two-bedroom first floor apartment offers a fantastic balance of modern living and convenience. The property features a spacious open-plan living and kitchen area that is perfect for both relaxing and entertaining, along with two generously sized bedrooms and a stylish bathroom. <br/>An allocated parking space is included, adding to the practicality of the home. <br/><br/>The location is ideal for access to a wide range of local amenities, with shops, supermarkets, cafés, gyms, and leisure facilities all close by, as well as larger retail parks just a short drive away. <br/><br/>Kingswood is known for its strong community feel and good selection of schools, making it an attractive choice for young professionals, couples, or small families. Excellent transport links are another key benefit, with frequent bus services providing easy routes into Bristol city centre and surrounding areas, and straightforward access to the M32, M4, and M5 for those who commute further afield. Bristol Temple Meads railway station can be reached in around 20 minutes by car, offering direct services to London, Bath, Cardiff, and beyond. <br/><br/>For leisure and outdoor space, there are several local parks, green spaces, and recreational grounds nearby, giving the property a well-rounded appeal for those seeking a combination of city convenience and a welcoming residential environment.<br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £235,000<br/><br/>40% Share Price: £94,000 (rent £326.01 pcm)<br/>Minimum 5% Mortgage Deposit (50% share): £4700<br/>Approximate Service Charges: £97.44pcm* <br/>Lease: 118 years<br/><br/>ELIGIBILITY<br/><br/>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.<br/><br/>To be eligible for shared ownership you would need to meet the following criteria:<br/><br/>• Your annual household income does not exceed £80,000<br/>• You have a deposit of at least 5% of the share value<br/>• You do not own another property or have your name on the deeds or a mortgage for a property worldwide. <br/>• This will be your only residence.<br/>• You are a permanent UK resident or have indefinite right to remain.<br/><br/>*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.<br/><br/>* This home can also be purchased outright (100% of the value) which is £235,000 and a purchaser would not need to meet the eligibility criteria listed above. <br/>