Shared Ownership
This superb modern home is available to buy from as little as £128,000 with a 40% share!
Offered to the market with no onward chain, this mid terrace home on Whitehall Avenue provides spacious accommodation arranged over three floors and also benefits from an integral garage accessed at the back of the property. The ground floor features a welcoming entrance hall with cloakroom, a generous reception room measuring over 18ft in length, and a separate fitted kitchen. On the first floor are three bedrooms, en suite to bedroom one, along with an additional family bathroom. The lower ground floor provides access to the integral garage, offering excellent storage or parking.
Whitehall Avenue is situated in the popular BS5 area of Bristol, an increasingly sought-after location known for its vibrant community and convenient amenities. The nearby areas of St George, Redfield and Easton offer a wide range of independent cafés, shops, pubs and restaurants, while the beautiful St George Park is within easy reach and provides open green space, a lake and family recreation facilities. The area is also well served by local schools and everyday amenities.
The property benefits from excellent transport connections, with regular bus routes providing easy access into Bristol city centre, which is approximately two miles away. For commuters, Lawrence Hill and Stapleton Road train stations are nearby, offering rail links across the city and beyond, while the M32 motorway provides straightforward access to the wider motorway network including the M4 and M5.
PRICING & AFFORDABILITY
Full Market Value: £320,000
40% Share Price: £128,000 (rent £440.00pcm)
Minimum 5% Mortgage Deposit (40% share): £6,300
Approximate Service Charges: £27.72pcm*
Lease: 125 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.
