1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (195 years remaining)
- One bedroom
- Open plan living area/kitchen
- Service Charge £1,036.00 per annum
- Buildings Insurance £117.24 per annum
- Monthly rent currently £351.55 as of April 2024
- Undercroft parking for one car
1
A well presented one bedroom modern apartment which boasts hallway, open plan lounge/kitchen diner with door to the balcony. Double bedroom and family bathroom.
The property also benefits from an under croft parking space for one car.
Key information about the home
There are variations of shared ownership models which have different features. The model of shared ownership may vary depending on:
• what rules were in place at the time the home was funded or planning permission granted
• where the home is located
• whether the home is for a specific group of people
The table below highlights the key features of common shared ownership schemes. The information in this document is for the standard model shared ownership.
Shared ownership model Older model shared ownership
Standard model shared ownership New model shared ownership
Minimum initial share 25%
25% 10%
Lease length Typically, leases were issued for 99 years from new
Leases are for a minimum of 99 years from new but typically at least 125 years Leases will be for a minimum of 990 years from new
Initial repair period No
No Yes
Buying more shares - minimum purchase 10% or 25%
10% 5%
1% share purchase No
No Yes
Landlord’s nomination period 8 weeks or 12 weeks
8 weeks 4 weeks
When you are looking for shared ownership homes, you should always check the Key Information Document to see which model covers that specific home.
When you buy a home through shared ownership, you enter into a shared ownership lease. The lease is a legal agreement between you (the ‘leaseholder’) and the landlord. It sets out the rights and responsibilities of both parties.
Before committing to buy a shared ownership property, you should take independent legal and financial advice.
This key information document is to help you decide if shared ownership is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference. This document ‘Key information about the home’ is a summary and you should consider the information in ‘Summary of costs’ and ‘Guide to shared ownership’ before making a decision.
Places of interest
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*DISCLAIMER
Property reference BPT240021. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Andrews - Bishopston.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 21, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 21, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on April 4, 2024 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.