Shared Ownership
This superb modern home is available to buy from as little as £102,000 with a 40% share!
This well presented first floor apartment in Bradley House offers modern city living with a bright and practical layout. The accommodation comprises an entrance hallway with useful storage cupboard, a double bedroom, bathroom and a generous open plan kitchen/dining/lounge.
Bradley House is positioned on Carmen Beckford Street, BS1, putting the property within easy reach of central Bristol. The location is particularly convenient for the independent shops, cafés, bars and restaurants around Stokes Croft and Gloucester Road, while Cabot Circus, Broadmead and Bristol city centre are also readily accessible.
Transport connections are excellent for those commuting around Bristol and beyond. Montpelier railway station is approximately 600 metres away, while a number of bus stops are within a short walk, including Brunswick Street and Nine Tree Hill. Bristol Bus Station is also approximately 0.3 miles away, providing further connections across the city and wider region.
PRICING & AFFORDABILITY
Full Market Value: £255,000
40% Share Price: £102,000 (rent £153.74pcm)
Minimum 5% Mortgage Deposit (40% share): £5,100
Approximate Service Charges: £70.61pcm*
Shared Ownership Lease: 120 years
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.
