2 bedroom apartment for sale
Marina Gardens, Bristol, BS20 7SW
Share percentage 30%, full price £280,000, £4,200 Min Deposit.
Share percentage 30%, full price £280,000, £4,200 Min Deposit.
Monthly Cost: £1,119
Rent £442,
Service charge £209,
Mortgage £468*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Bristol, North Somerset
Description
Modern, bright & spacious two-bedroom apartment now available in Portishead through Shared Ownership. The property comprises a wide living room with a private balcony, an open-plan fitted kitchen, and two large bedrooms. This could be ideal for a small family or working professionals. The flat is on the second floor of a four storey building (built circa 2019); it has an allocated parking space and communal outdoor space.
Key Information Document
Available for £84,000 for 30% share based on the marketing figure of £280,000.
Monthly rent - £442.37
Monthly Service Charge - £209.17
Total Monthly Charge - £651.54 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe property is located just outside Portishead's town centre, next to the marina a 5 minute walk away from the nearest bus stop. Portishead is just west of Bristol City. The property is within walking distance of many local amenities including a Waitrose.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 68.5 m²
Living room & kitchen: 5.87 x 4.27 m
Bedroom 1: 3.33 x 2.90 m
Bedroom 2: 3.56 x 2.92 m
Years remaining on lease: 988
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Second floor flat
- Two bedrooms and two bathrooms
- Onsite allocated parking
- Great travel links
- 5% minimum deposit
- Available for 30% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 30%, full price £280,000, £4,200 Min Deposit. Calculated using a representative rate of 5.03%
