Property Details

La Sainte, Portishead, BristolShared Ownership £82,500

Sold STCStonebridge Shaw - 03333 447 007Ston1935

30% shared ownership property
Bright and airy with natural light
Video entry system
Allocated parking
Communal bike store
Easy access to all local amenities

Stonebridge Shaw is pleased to bring to the market this bright and spacious first-floor apartment, finished to a wonderful standard by Acorn Homes, it is the perfect opportunity for first-time buyers to step onto the property ladder. Available for sale through the shared-ownership scheme, buyers can purchase a 30% share of this stylish home, with LiveWest owning the other 70%, making it an affordable choice in the highly sought-after coastal town of Portishead.

The home boasts two well-proportioned bedrooms, south-facing living areas that are filled with natural light, and the added convenience of one allocated parking space. Ideally located close to local amenities and with excellent transport links, this home is perfectly positioned for modern living.

Shared ownership properties like this are in high demand, so don’t miss your chance to secure this fantastic apartment. Contact us today to arrange a viewing!

PROPERTY DESCRIPTION

Entrance Hall
Secure entrance door, nest heating thermostat, video entry system, cloak cupboard with lighting and electrical consumer unit, airing cupboard with shelving and electric heater, wood-effect vinyl flooring, doors to kitchen/dining room, bathroom and bedrooms.

Kitchen / Dining Room
Extractor fan, two south-facing UPVC double glazed windows, wall-mounted gas-fired combi boiler, a range of fitted wall and base units, roll-edge work surfaces with tiled splash backs, stainless steel single drainer sink unit with mixer tap, gas hob with extractor hood over, integrated electric oven, space for washing machine and fridge/freezer, radiator, wood-effect vinyl flooring, opening through to the living room.

Living Room
South-facing UPVC double glazed window, radiator, television and internet access points, wood-effect vinyl flooring.

Bedroom One
UPVC double glazed window, radiator, television access point, wood-effect vinyl flooring.

Bedroom Two
UPVC double glazed window, radiator, television access point, wood-effect vinyl flooring.

Bathroom
Extractor fan, panelled bath with shower over, glass shower screen and wall tiling, low-level WC, pedestal hand wash basin with tiled splash back, radiator, vinyl flooring.

Allocated Parking
There is one parking space allocated to the apartment.

Communal Facilities
There is a secure communal bike store and bin store, accessed via the communal car park.

Shared Ownership Charges / Lease Information

The share purchase price is calculated using the full market value and the percentage share purchased. If you buy a 30% share, the share purchase price will be £82,500 and the rent will be £318.69 a month. Your annual rent is calculated as 1.99% of the remaining share of the full market value owned by the landlord. Please note that the rent is only calculated as a percentage of the retained equity when the lease is granted. All resales properties will have been subject to annual rent increases, which mean that the rent no longer represents a percentage of the retained equity. All figures are subject to change.

In addition to the rent above, the monthly payment to the landlord includes:

Service charge: £64.19
Buildings insurance: £12.60
LiveWest Management Charge: £15.00
Reserve fund payment: £20.83

Total monthly payment excluding rent: £112.62
Total monthly payment including rent: £431.31

These charges are subject to change during the purchase process. Further information relating to the charges involved is available upon request.

Tenure: Leasehold

Lease Type: Shared ownership flat lease

Lease Length: 125 years from and including 1 January 2016

Maximum Share You Can Own: You can buy up to 100% of your home.

Pets: Prior written consent from LiveWest is required for pets.

Shared Ownership Application Process
You can apply to buy the home if both of the following apply:
• your household income is £80,000 or less
• you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:
• you're a first-time buyer
• you used to own a home but cannot afford to buy one now
• you're forming a new household - for example, after a relationship breakdown
• you're an existing shared owner, and you want to move
• you own a home and want to move but cannot afford to buy a new home for your needs

PLEASE NOTE THAT LOCAL CONNECTION CRITERIA APPLY TO THIS PROPERTY

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.

As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

You’ll need to pay a reservation fee of £500.00 to LiveWest to secure your home. When you pay the fee, no one else will be able to reserve the home. If you complete on the purchase of your home, the reservation fee will be added to your rent account. If you or the seller withdraw from the sale the £500 will be refunded.

Note from the team at Stonebridge Shaw
We always aim to ensure our properties are displayed accurately with the photos, virtual tour, floor plans and descriptions provided. However these are intended as a guide and purchasers must satisfy themselves by viewing the property in person.

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