Mallard Close, Bristol, Somerset

NO ONWARD CHAIN & GARAGE

This superb modern home is available to buy from as little as £96,000 with a 40% share!

Situated in a residential location on Mallard Close, this modern coah house apartment offers comfortable and practical living accommodation, benefiting from a garage and being offered to the market with no onward chain. Accessed via its own ground floor entrance with stairs leading to the first floor, the property features a spacious reception room alongside a separate fitted kitchen. There are two bedrooms, including a generously proportioned principal bedroom with built-in storage, and a family bathroom.

Mallard Close is conveniently positioned in the popular BS5 area of Bristol, offering access to a variety of everyday amenities, including local shops, supermarkets, cafés and recreational facilities. The surrounding area benefits from nearby green spaces and parks, providing opportunities for outdoor activities and leisurely walks. Bristol city centre is also within easy reach, offering an extensive selection of shopping destinations, restaurants, entertainment venues and cultural attractions.

The property is well placed for transport connections, with local bus services providing routes into Bristol city centre and surrounding neighbourhoods. Nearby railway stations, including Lawrence Hill and Stapleton Road, offer additional travel options, while Bristol Temple Meads provides wider regional and national rail connections. The A4 and M32 are also accessible, offering convenient routes towards the M4 and M5 motorway networks.

PRICING & AFFORDABILITY

Full Market Value: £240,000

40% Share Price: £96,000 (rent £330.00pcm)
Minimum 5% Mortgage Deposit (40% share): £4,800
Approximate Service Charges: £51.01pcm*
Shared Ownership Lease: 125 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.
• 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.