1 bed flat for sale

Whitchurch Lane, Bristol, Somerset BS14

Shared Ownership

This superb modern home is available to buy from as little as £72,500 with a 50% share!

A well presented first-floor apartment offering bright, contemporary living in a convenient Bristol location. The heart of the home is a spacious open-plan kitchen, dining and living area, measuring over 18ft in length, providing an ideal space for relaxing, entertaining and everyday living. Large windows flood the room with natural light, while the modern fitted kitchen is thoughtfully designed for practicality and style.

The property also features a generous double bedroom and a well-appointed bathroom, creating comfortable and low-maintenance accommodation. With an efficient layoutthis apartment is perfectly suited to first-time buyers, professionals or downsizers.

Situated on Whitchurch Lane, residents benefit from excellent local amenities, transport links and easy access to Bristol city centre, making this an attractive opportunity in a sought-after location.
Pricing & affordability


Full Market Value: £145,000

50% Share Price: £72,500 (rent £319.45pcm)
Minimum 5% Mortgage Deposit (% share): £3,625
Approximate Service Charges: £62 pcm*
Lease: 245 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 £145,000 and a purchaser would not need to meet the eligibility criteria listed above.