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3 bedroom house for sale

Available

Maes Knoll Close, BS14 0FU

£150,000 · Shared Ownership Resale

Share percentage 40%, full price £375,000, £7,500 Min Deposit.

Available
3 bedrooms
2 Bathrooms
Floor plan
floor-plan
Floor plan
floor-plan
£150,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £375,000, £7,500 Min Deposit

Monthly Cost: £1,292
Rent £428, Service charge £28, Mortgage £836*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Eligibility

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 £375,000 and a purchaser would not need to meet the eligibility criteria listed above.

Summary

This superb modern home is available to buy from as little as £150,000 with a 40% share!

Description

Shared Ownership

This superb modern home is available to buy from as little as £150,000 with a 40% share!

Offered to the market with no onward chain complications is this well-presented semi-detached family home. The property provides well-planned accommodation comprising an entrance hall, downstairs WC, spacious living room and kitchen/dining room on the ground floor and three bedrooms, family bathroom and en-suite shower room on the first floor.
At the front of the property, there is one allocated parking space and visitors parking, and to the rear there is a private garden.

Maes Knoll Close is situated in the Hengrove and Whitchurch Park area of Bristol, offering residents and visitors a variety of amenities within close proximity. The property is approximately 6 miles south of Bristol City Centre and its wide range of amenities to suit all tastes and needs. There are a variety of shopping malls, many places to eat and drink and parks & green spaces.
Bristol Temple Meads Station is a major railway station offering links to cities such as London, Bath and Cardiff.

PRICING & AFFORDABILITY

Full Market Value: £375,000

40% Share Price: £150,000 (rent £428.40 pcm)
Minimum 5% Mortgage Deposit (40% share): £7,500
Approximate Service Charges: £27.72 pcm*
Shared Ownership Lease: approx. 119 years
Council Tax Band: C

Key Features

Modern shared ownership home

Three bedrooms

Semi detached

6 miles from Bristol City Centre

Parking

No onward chain

Particulars

Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: C

Property Downloads
Floor Plan
Map
Bedminster (1.81 miles) Parson Street (1.87 miles) Bristol Temple Meads (2.26 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: n/a

Outside Space/Garden: n/a

Year property was built: Enquire with provider

Unit size: Enquire with provider

Accessible measures: Enquire with provider

Heating: Enquire with provider

Sewerage: Enquire with provider

Water: Enquire with provider

Electricity: Enquire with provider

Broadband: Enquire with provider

Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£150,000
Shared Ownership Resale
Estimated Monthly Cost:£1,292
Rent £428
Service Charge £28
Mortgage £836

Share percentage 40%, full price £375,000, £7,500 Min Deposit. Calculated using a representative rate of 5.03%


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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.