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 £132,500 with a 50% share!<br/><br/>This well-proportioned apartment features a spacious open-plan kitchen/dining and living area forming the heart of the home. Both bedrooms are good-sized doubles. A modern bathroom, useful hallway storage cupboard and well-planned accommodation complete the layout.<br/><br/>Situated in the BS2 area of Bristol, the property is particularly well placed for city living, with Castle Park and the shops, restaurants and leisure facilities of Cabot Circus within easy reach. The location also provides convenient access to Old Market, Broadmead and Bristol city centre, making it a strong option for professionals, couples or those looking for easy access to the city's employment and entertainment districts. Cabot Circus is approximately 0.4 miles from BS2 0ED.<br/><br/>Transport connections are excellent, with Bristol Temple Meads and Lawrence Hill railway stations both approximately half a mile away, providing convenient rail links across Bristol and further afield. The area is also well served by local bus routes, while access towards the M32 and wider motorway network makes the location practical for commuters travelling by road.<br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £265,000<br/><br/>50% Share Price: £132,500 (rent £89.80pcm)<br/>Minimum 5% Mortgage Deposit (50% share): £6,625<br/>Approximate Service Charges: £163.04 pcm* <br/>Shared Ownership Lease: 171 years remaining<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.
