Shared Ownership
This superb modern home is available to buy from as little as £82,000 with a 40% share!
This well-presented apartment offers a bright and practical layout, ideal for modern living. The property features a spacious living room filled with natural light, creating a welcoming space for both relaxing and entertaining. The adjoining kitchen is thoughtfully arranged with ample work surfaces and storage, providing a functional environment for everyday cooking.
There are two comfortable bedrooms, each offering a peaceful retreat with plenty of space for furnishings and personal touches. The layout allows for flexibility, making the second bedroom ideal as a guest room, home office, or additional living space depending on individual needs.
Completing the accommodation is a contemporary bathroom fitted with a full suite, designed for convenience and comfort. The property benefits from a well-proportioned internal layout that maximises space and flow throughout.
Situated in the popular village of Almondsbury, the home enjoys a convenient position with access to local amenities, green spaces, and excellent transport links into Bristol and surrounding areas.
PRICING & AFFORDABILITY
Full Market Value: £205,000
40% Share Price: £82,000 (rent £223.04 pcm)
Minimum 5% Mortgage Deposit (40% share): £4,100
Approximate Service Charges: £121.81 pcm*
Lease: 81 years (will be extended on completion)
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 £205,000 and a purchaser would not need to meet the eligibility criteria listed above.
