2 bed flat for sale

Chessel Drive, Patchway, Bristol BS34

Shared ownership (Advertised price represents 50% share. Full market value £250,000). This recently-constructed flat is on the second floor, which is the top floor in that part of the building. The property has an open-plan kitchen/reception room with a glazed door that leads out onto a generously-sized, south-west-facing balcony. There is a main bedroom with naturally-lit en-suite shower room plus a second double bedroom and a stylish bathroom. Well insulated walls and roof, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. A small supermarket/convenience store occupies the ground-floor retail unit and the Cribbs Causeway Shopping Centre is within comfortable walking distance or a brief bus or bike ride. Charlton Wood Primary School, which is just moments away, is Ofsted-rated 'Good', as are the other nearby primaries. The flat comes with use of an allocated, off-street parking space.

Interested parties are required to complete the shared ownership common application form [here; ]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Heylo. Heylo Housing requires that all applicants must have a permanent right to reside in the UK.
Tenure: Leasehold (125 years from 26/08/2022).
Minimum Share: 50% (£125,000).
Shared Ownership Rent: £351.02 per month (subject to annual review).
Service Charge: £104.76 per month (subject to annual review).
Guideline Minimum Income: Dual - £34,600 Single - £40,800 (based on minimum share and 10% deposit).
Council Tax: Band B, South Gloucestershire Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).

What is shared ownership ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.

Is shared ownership for you ?

The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. 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.
3. 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).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

Second Floor

Entrance Hallway

Reception
18' 1" x 11' 6" (5.51m x 3.51m)

Kitchen
included in reception measurement

Bedroom 1
13' 5" x 9' 2" (4.09m x 2.79m)

En-Suite Shower Room

Bedroom 2
13' 5" x 9' 2" (4.09m x 2.79m)

Bathroom

Balcony
19' 8" x 8' 6" (5.99m x 2.59m) plus 18' 8" x 6' 7" (5.69m x 2.01m)