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£126,000
This superb modern home is available to buy from as little as £126,000 with a 40% share
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 £315,000 and a purchaser would not need to meet the eligibility criteria listed above.
This well-presented two-bedroom home offers a spacious and versatile layout, ideal for modern living. The property features a generous reception/dining room, providing the perfect space for relaxing or entertaining, with direct access to the balcony, allowing natural light to flow through. The kitchen offers ample worktop and storage space, making it well-suited to everyday cooking and meal preparation. Completing the accommodation are two well-proportioned bedrooms and a bathroom, creating comfortable living for couples, small families, or those needing a guest room or home office.
Externally, the property benefits from its own private garden, ideal for outdoor dining, gardening, or peaceful relaxation. In addition, a substantial detached garage provides secure parking and exceptional storage or workshop potential.
Situated in the desirable area of Hanham, Bristol, the property enjoys easy access to a range of local amenities, including supermarkets, independent shops, cafés, and leisure facilities. Excellent transport links make commuting straightforward, with routes connecting to surrounding towns and the wider Bristol area. Green spaces and walking routes nearby are perfect for those who enjoy outdoor activities.
With its practical layout, outdoor space, large garage, and sought-after location, this property represents a fantastic opportunity for first-time buyers or those looking for a well-connected and comfortable home.
PRICING & AFFORDABILITY
Full Market Value: £315,000
40% Share Price: £126,000 (rent £146.28pcm)
Minimum 5% Mortgage Deposit (40% share): £6,300
Approximate Service Charges: £81.65pcm*
Lease: 114 years
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership