1 bedroom apartment for sale
90 Boulevard View, Whitchurch Lane, BS14 0TN
Share percentage 60%, full price £160,000, £4,800 Min Deposit.
Share percentage 60%, full price £160,000, £4,800 Min Deposit.
Monthly Cost: £764
Rent £143,
Service charge £74,
Mortgage £547*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
1-bedroom Shared Ownership resale available in Bristol
Description
A well-presented, first-floor apartment featuring a twenty-foot, open-plan kitchen/reception room with sleek, white units and integrated appliances. There is a spacious bedroom, an attractive bathroom and the energy-efficiency rating is good, thanks to modern insulation standards and high performance glazing.
Boulevard View is part of a converted office complex approximately four miles south of Bristol city centre. There is a leisure centre close by and the Hengrove Mounds and Hawkfield Meadows nature reserves provide pleasant outside space to enjoy. The apartment comes with use of an off-street parking space.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Guideline Minimum Deposit £9,600
- Guideline Income £20.6k Dual | £24.6k Single
- First Floor
- Approx. 400 Sqft Gross Internal Area
- High Performance Glazing
- Open Plan Kitchen/Reception Room
- Parking Space
- Leisure Centre and Nature Reserves Nearby
- Tenure:Leasehold (250 years from 2020).
- Share Available:60% (£96,000).
- Shared Ownership Rent:£142.93 per month (subject to annual review).
- Service Charge + Management Fee:£74.38 per month (subject to annual review).
- Guideline Minimum Income:Dual - £20,600 | Single - £24,600 (based on minimum share and 10% deposit).
- Council Tax:Band A, Bristol City Council. Priority is given to applicants living and/or working in this local authority.
Particulars
Tenure: Leasehold
Lease Length: 250 years
Council Tax Band: A
Property Downloads
Key Information Document Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 60%, full price £160,000, £4,800 Min Deposit. Calculated using a representative rate of 5.26%
