1 bed flat for sale

Frys Lane, Bristol, Somerset BS1

Shared Ownership

This superb modern home is available to buy from as little as £137,500 with a 50% share!

A well-presented one-bedroom apartment offering approximately 538 sq ft of modern accommodation, situated within the popular Abel Yard development in Bristol’s vibrant harbourside area. The property offers a contemporary layout with a spacious open-plan kitchen, living and dining area, creating a bright and practical main living space.

The accommodation is completed by a generous double bedroom, modern bathroom and an outside terrace looking across the communal garden.

Positioned within Wapping Wharf and Bristol’s Harbourside, the property is surrounded by an excellent selection of independent cafés, restaurants, bars and shops, with the wider city centre also within easy walking distance. Bristol Temple Meads is also within walking distance, providing extensive rail connections to destinations across the country.
Pricing & affordability


Full Market Value: £275,000

50% Share Price: £137,500 (rent £284.11pcm)
Minimum 5% Mortgage Deposit (50% share): £6,875
Approximate Service Charges: £158.61pcm*
Lease: 119 years
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.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000/£90,000.
• 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.

*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.