4 Bed Terraced House For Sale

This Shared Ownership home is available to buy from as little as £140,000 with a 40% share!

Nestled in a popular residential area, this four-bedroom townhouse offers modern living across three spacious floors. The ground floor boasts a large open-plan kitchen, living and dining area, perfect for entertaining, with doors leading to a low-maintenance rear garden. The first floor features a generously sized second bedroom, alongside a further bedroom with a Juliet balcony and family bathroom. The top floor is home to the main bedroom with an en suite, as well as an additional well-proportioned bedroom with built in wardrobe. This property also benefits from a garage and private parking space to the rear.

Situated in Speedwell, this home is ideally located for easy access to Bristol city centre, with excellent transport links and a range of local amenities nearby. The area benefits from well-regarded schools, parks, and shopping facilities, making it a great choice for families and professionals alike.

PRICING & AFFORDABILITY

Full Market Value: £350,000

40% Share Price: £150,000 (rent £481.25pcm)
50% Share Price: £175,000 (rent £401.04pcm)
75% Share Price: £262,500 (rent £200.52pcm)

Minimum 5% Mortgage Deposit (40% share): £7,000
Approximate Service Charges: £38.83pcm*
Shared Ownership Lease: 125 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.

At Brook Road shares are being offered from 40% (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*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.