This superb modern home is available to buy from as little as £86,000 with a 40% share!
A well-presented and generously proportioned first-floor apartment, offering comfortable and practical living with the added benefit of allocated parking. This attractive property provides approximately of well-planned accommodation, making it an excellent choice for first-time buyers, young professionals, or those seeking a low-maintenance home in a thriving area.
The flat features a bright and spacious open-plan kitchen and reception room, providing ample space for both living and dining, perfect for relaxing or entertaining guests. The separate kitchen area is thoughtfully laid out with practical worktop and storage space, creating an efficient and functional cooking environment.
There are two well-proportioned bedrooms, both capable of accommodating double beds and additional furniture. The principal bedroom is particularly generous, while the second bedroom is ideal as a guest room, home office, or nursery. A contemporary family bathroom completes the internal accommodation. The layout is practical and flows well, with clearly defined living and sleeping areas, enhancing privacy and day-to-day comfort.
Externally, the property benefits from allocated parking, providing convenience and peace of mind for residents.
The apartment is situated in a popular and well-connected area of Patchway, close to local shops, cafés, and leisure facilities. Commuting is straightforward, with easy access to the M5 motorway, nearby train stations, and frequent bus services. The surrounding area offers green spaces for walks and outdoor activities, while ongoing local development, including gyms and recreational facilities, continues to enhance the neighbourhood.
With its practical layout, allocated parking, convenient location, and excellent transport links, this apartment offers a comfortable and modern lifestyle in a sought-after part of Patchway.
PRICING & AFFORDABILITY
Full Market Value: £215,000
40% Share Price: £86,000 (rent £138.61pcm)
Minimum 5% Mortgage Deposit (40% share): £4,300
Approximate Service Charges: £140.37pcm*
Lease: 115 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.
** This home can also be purchased outright (100% of the value) which is £215,000 and a purchaser would not need to meet the eligibility criteria listed above.
