Property Details: • Type: Terraced • Tenure: N/A • Floor Area: N/A

Key Features: • Newbuild Shared Ownership • Current expected handover date from developers: From January 2025 • Initial shares available from 25% to 75% • Leasehold with 990 year lease • Pets welcome • Predicted energy assessment rating: A • NHBC Warranty Provided • You can't rent out (sublet) these properties • Currently only those with a live/work/family connection to the Arun District may be considered

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 32 High Street Portishead BS20 6EN

Full Description: ***AVAILABLE TO BE RESERVED OFF PLAN***

(Projected Handover Date January 2025)

***SHARED OWNERSHIP***

Stonebridge Shaw is pleased to bring to the market, in partnership with VIVID, this 2 bed, new build home. By enquiring with us your details will be provided to VIVID.

Apply now for a stunning newbuild Shared Ownership (part buy, part rent) 2 bedroom house. Shares start from 25%.

MINIMUM 25% SHARE ADVERTISED AT £83,750 - FULL MARKET VALUE £335,000.

Monthly rent example on un-owned 75% share: £575.78 Monthly initial estimated service charges: £32.83 The minimum Share available to purchase is from 25%

Lease - 990 years

Shared Ownership, also known as 'part-buy, part-rent' is a great option for new home buyers, or for those struggling to save a large deposit. The Shared Ownership scheme allows you to purchase shares of your home, usually between 25% and 75%, initially and pay rent on the remaining share. Unlike buying on the open market, you don’t need a deposit for 100% of the property price. In many cases, you’ll only need a 5% deposit of the share you’re purchasing (subject to lender availability and criteria). You’ll need to be financially assessed to determine the share you are able to purchase. Who can apply for Shared Ownership?

You can apply if your household income is £80,000 a year or less and you can’t afford to buy a suitable home on the open market.

If you’ve never owned a home before, Shared Ownership’s a fantastic opportunity to get on the housing ladder and it’s also a great option if you’re in one of the following groups:

• You’ve owned a home before, but can’t afford to buy one now • You’re forming a new household (for example, following a relationship breakdown) • You’re an existing Shared Owner and want to move to a new home • You own a home, but can’t afford to buy a new one that suits your current needs

If you own another property in the UK or abroad, you’ll need to sell this at the same time as buying your new Shared Ownership home. So, if you’re a homeowner, VIVID will ask you to confirm your property’s under offer.

At Saxon's Gate, you can buy additional shares in your home over time if you’d like to, so that eventually you could own 100% of the property.

Specification:  Kitchen including oven, hob and extractor The homes will be decorated in a neutral style throughout Gas Combi Boiler Two Parking Spaces (Right to Use) Parking spaces do not include EV charging points. 

VIVID are selling these homes off plan, so viewings are not available until later on in your purchase.

Anyone can apply however the below connections will have priority:

• Currently living in Arun and has done for at least 3 continuous years • Currently living in Arun and has done for at least 5 non-consecutive years in the last 10-year period • Currently works in Arun with at least 16 hours a week for at least 2 continuous years and remains working in the Arun District • Needs to be in the Arun District to give or receive regular daily support from or to a close relative (parents, adult children, siblings). The support must be such that it is required on an ongoing and long-term basis and is not capable of being provided by other family members or available support agencies. The close relative must be permanently resident in the Arun District and have lived in the district continuously for at least 10 years immediately prior to the application date

LOCAL INFORMATION

This is a town where old meets new, culturally there is an eclectic mix of museums, art galleries and theatres and a varied choice of restaurants. In the heart of the old town you’ll find the market square which is steeped in history. The more modern part of the town offers a two-storey shopping centre, Festival Place. This plays host to a number of large high-street brands, restaurants and a 10-screen Vue cinema.

There are a variety of well-known places to eat and grab a drink, such as Pizza Express, Ask Italian, Burger King, Café Nero, Costa, Cosy Club, Nando’s and Cote Brasserie.  You can also find more historic pubs and street food so there is something for all tastes.

Images shown may be photographs or CGI (computer generated images) of current or coming soon properties. Photographs or CGI images are produced in good faith as visual representations to give potential customers a representation of each house or apartment. They may not represent a specific plot, the finishes, plot sizes and landscaping will vary.

If you’re viewing this property on an App you may not be able to view full information, so please visit the VIVID Homes website

Note from the team at Stonebridge Shaw We always aim to ensure our properties are displayed accurately with the photos, virtual tour, floor plans and descriptions provided. However these are intended as a guide and purchasers must satisfy themselves by viewing the property in person.BrochuresFull DetailsBrochureKey Information Document