Hoopers Walk Longwell Green Bristol

SIMPLY STUNNING! Anne James is delighted to offer this impressive second floor apartment which was constructed in 2018 and is offered on a 50% SHARED OWNERSHIP £129,000 or 100% OWNERSHIP £258,000 basis briefly includes a communal entrance with secure entry system, a staircase leads to the apartment where you will find light and airy accommodation to briefly include an inviting hallway, a spacious open concept living room/ kitchen/dining area, two double bedrooms and a modern bathroom, further benefits include gas central heating, Upvc double glazing, a balcony and an allocated parking space. Occupying an advantageous location near the heart of Longwell Green, offering convenient proximity to Gallagher Retail Park with its array of stores including M&S, B&Q, Boots, Next, Aldi and Asda as well as Longwell Green Leisure Centre and Keynsham Railway Station approximately three miles away. A super property in a great location, early viewing of this fine home is recommended.
Available 100% £258,000 or shared Ownership 50% at £129,000 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.

The housing association will partner you to share the cost of buying your own home – you pay for the part you can afford and we’ll pay for the part that’s left.
It’s an opportunity to buy the home that’s right for you without needing the large deposit or the mortgage that goes with it.

Shared Ownership could be for you if:

You are over the age of 18
Your household income is less than £80,000
You don’t already own a home at the time of buying your Shared Ownership property
How does it work?
You buy a share in the home that’s right for you. That could be from 10% initially, but it's typically between 25% and 40%. You’ll pay a reduced rent on the share that we own and a monthly service charge towards the upkeep of communal areas and/or shared outdoor spaces.

As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.

Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.

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 have a local connection.

What is a local connection?
Put simply, a local connection requirement means that a buyer must currently live, work or have an immediate family member living in the catchment of the local government authority. It's a condition that local authorities put in place to give local people a better chance of securing an affordable home in their area.

Types of local connection
In order to determine whether you have a local connection, we must assess whether you meet at least one of the following criteria:

You are currently living in the local area
You are currently employed (full-time or part-time) in the local area
You have an immediate family member (e.g. parents, siblings) who currently lives in the local area
Please note that in some cases the local authority may set more stringent requirements.

Why do we have local connection requirements?
Demand for affordable housing is greater than ever, and local governments will often put provisions in place to ensure that local constituents have access to affordable rental and shared ownership properties near them. One way this is being delivered is through the local connection requirement. This requirement outlines geographic criteria on which applicants eligibility for housing in the local area is assessed. It often forms one part of a legally binding agreement that developers will enter into with the local government.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider,