2 bedroom apartment for sale
110 Chessel Drive, BS34 5UZ
Share percentage 50%, full price £255,000, £6,375 Min Deposit.
Share percentage 50%, full price £255,000, £6,375 Min Deposit.
Monthly Cost: £1,143
Rent £334,
Service charge £82,
Mortgage £727*
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.
Summary
A modern apartment offering practical living spaces with a touch of elegance
Description
Conveniently located at Chessel Drive, this modern apartment offers practical living spaces with a touch of elegance. The open plan living dining room is flooded with natural light and leads to a charming balcony, ideal for relaxation. The master bedroom features an ensuite bathroom with a window, ensuring brightness and freshness. A second double bedroom provides ample space. The property is well-maintained and includes an allocated parking space.
Benefitting from easy access to nearby motorways, including the M4 and M5, commuting is made simple. Public transport options are also readily available, enhancing convenience. Situated close to Cribbs Causeway, residents have access to a variety of shops and amenities. Additionally, major employers like Rolls Royce, Airbus, GKN Aerospace, MoD and those based at Aztec West are just a short distance away, offering promising career opportunities. Experience comfortable and convenient living at this address.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Allocated Parking Space
- Ensuite with Natural Daylight
- Balcony
- 1 Minute Walk to Metro Bus Stop
- Tenure:Leasehold (125 years from 08/09/2021)
- Share Available:50% (£127,500)
- Shared Ownership Rent:£334.83 per month (subject to annual review)
- Lease Management Fee:£24.36 per month (subject to annual review)
- Service Charge:£985.00 per annum (subject to annual review)
- Council Tax:Band B, South Gloucestershire Council
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: B
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 50%, full price £255,000, £6,375 Min Deposit. Calculated using a representative rate of 5.26%
