Shared Ownership in Bristol, Somerset. 1 bedroom Flat.

  • £290,000

    Equity share: 40% / £116,000

Abel Yard
For Sale Shared Ownership

Shared Ownership in Bristol, Somerset. 1 bedroom Flat.

Abel Yard
  • £290,000

    Equity share: 40% / £116,000

Property Overview

  • Flat
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom

Property Description

Shared Ownership

This superb modern home is available to buy from as little as £116,000 with a 40% share!

Located in a prime location, this fabulous apartment features an open plan lounge/kitchen/diner with double doors that open to a large private terrace, a double bedroom and bathroom.

Designed to be in keeping with the historic dockside location, the apartments at Wapping Wharf have characterful timber exteriors and enjoy balconies that overlook the surrounding tree-lined walkways and idyllic waterfront.

From Wapping Wharf your daily travel couldn’t be easier. Whether it’s popping to the supermarket for the weekly shop, or an impromptu jog around the harbour it’s all possible from your new base. As a city built upon green credentials, Bristol is made for travelling by foot, cycling or public transport. The city centre is just a short walk away, or even quicker if you choose to use the new cycle path that passes right through the development.

There are regular and reliable buses that run throughout the city and Bristol Temple Meads train station (approx. 20 minute walk away), connects you to major cities including Birmingham, Leeds and Manchester which can also take you to London Paddington in 1 hour 20 minutes. If you’re looking for a more novel way to travel hop aboard one of Bristol Ferry Boats’ daily services from your nearest ferry stop. By water you can take in city landmarks including the SS Great Britain and reach Bristol Temple Meads in a cool 16 minutes.

PRICING & AFFORDABILITY

Full Market Value: £290,000

40% Share Price: £116,000 (rent £314.61pcm)
Minimum 5% Mortgage Deposit (40% share): £5,800
Approximate Service Charges: £149 pcm*
Shared Ownership Lease: approx. 121 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 £290,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property Address

Open on Google Maps
  • Address Abel Yard
  • City Bristol
  • County Somerset
  • Postal Code BS1 6ZL

Details

Updated on July 4, 2024 at 10:35 am
  • Property ID: MS-127906
  • Rental Amount Per Month: £315/Month
  • Bedroom: 1
  • Bathroom: 1
  • Property Type: Flat
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 149
  • Value Of The Equity Share: 40% / £116,000
  • Overall Property Value: £290,000
  • Tenure: Leasehold
  • Council Tax Band: C
  • Length of Lease: 121

Contact SOWN about: Shared Ownership in Bristol, Somerset. 1 bedroom Flat.

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