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


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.
Service Charge: 332.64.