1 bed flat for sale

Backfields, Bristol BS2

Shared ownership one bedroom available to purchase at a 50% share from £220,000 with a minimum 5% mortgage deposit of £5500. Call today to arrange your appointment to view.

City Centre living with this 1 bedroom apartment. The accommodation briefly comprises entrance hall, open plan living room/kitchen with balcony, bedroom and a bathroom.

This modern development is positioned at the western end of City Road, close to the popular and arty Stokes Croft area, home to many popular cafes, bars and restaurants as well as several office and work spaces for Bristol-based companies. Well-regarded restaurants are just minutes away and several yearly events and festivals also happen in this area, drawing big crowds and giving the area its bustling reputation. The area has undergone a lot of development in recent years with great investment into high quality residential and commercial conversions and constructions. Available to residents of this area is the proximity to Bristol City Centre but also the sense of community of the local neighbourhood and the nearby independent shops and restaurants of Cheltenham Road and Picton Street in Montpelier. Beyond Cabot Circus, Bristol Temple Meads is within a fifteen-minute walk, as is the popular area of Bristol's Harbourside and the industry and employment centred here. The property is well positioned also for those who frequently drive out of the city, with the nearby M32 linking directly to the M4.

Example:
Full Market Value: £220,000
50% Share Price: £110,000
Rent on un-owned share £190.81 pcm
Estimated estate charge £110.10 pcm
Shared Ownership Discount - £95.46 pcm
Total - £205.45 pcm

*The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.