Francis Drive
Bristol, Lockleaze
from
£170,000
Tenure: Leasehold
Ref: CPS104968
- Shared ownership
- Three double bedrooms
- Open plan kitchen lounge diner
- Utility, cloakroom and family bathroom.
- Enclosed rear garden
- Allocated parking
monthly mortgage estimate
*** SHARED OWNERSHIP *** A brand new shared ownership property in the new development ONE LOCKLEAZE. This three bedroom townhouse offers open plan lving downstairs with utility and cloakroom, upstairs the property boast three double bedrooms and bathroom, enclose rear garden and parking.
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- Years remaining: 0 years
- Current ground rent: £6,847
- Ground rent review period: Contact branch
- Annual service charge: £279
- Ground rent increase: Contact branch
Council Tax Band: TBC
Tenure: Leasehold
in detail
.
Full Market Value: £435,000
Monthly Rent: £435.00
Service Charge: £19.45
2. Must demonstrate that they can afford to sustain Shared Ownership requirements i.e. afford the mortgage and rent etc as shown below
3. Household earnings must not exceed £80,000 per year
4. Must not be able to buy on the open market
32,500 homes in England for over 70,000 customers, including affordable properties for general rent, shared ownership and sale, alongside specialist accommodation such as retirement and supported living schemes for older and vulnerable people, young people's foyers and women's refuges.
*Images by Linden Homes*
Information
£174,000 for 40% ShareFull Market Value: £435,000
Monthly Rent: £435.00
Service Charge: £19.45
To Be An Eligible Person
1. Be first time buyers (or owned with partner previously) and cannot afford to buy on the open market2. Must demonstrate that they can afford to sustain Shared Ownership requirements i.e. afford the mortgage and rent etc as shown below
3. Household earnings must not exceed £80,000 per year
4. Must not be able to buy on the open market
How Was Ownership Works
You buy a share of your home and pay rent and a service charge on the remaining share. You can buy bigger shares at a later stage when you can afford to. The more of the property you own, the less rent you pay. You'll need to take out a mortgage to pay for your share of the home's purchase price, or fund this through your savings/cash. Shared ownership properties are leasehold however they do change to become freehold if you get to 100% ownership. Approval needed by Stonewater homes. Remember this scheme is not just for first time buyersStonewater
Stonewater is a social housing provider, with a mission to deliver good quality, affordable homes to people who need them most. We manage around32,500 homes in England for over 70,000 customers, including affordable properties for general rent, shared ownership and sale, alongside specialist accommodation such as retirement and supported living schemes for older and vulnerable people, young people's foyers and women's refuges.
Please Note
We will endeavour to use the photographs of the actual property but may also show pictures of the show home and/or computer generated images. The computer generated impressions of how the property may look are indicative only. External finishes or details may vary on individual plots. Floorplan images may be handed. Build completion dates TBC. Purchasers to buy their own flooring apart for the areas as mentioned in the main description. All images have been provided by Linden Homes.*Images by Linden Homes*
Utilities, rights & restrictions
Utility supply:
- Electric Ask agent
- Water Ask agent
- Heating Ask agent
- Broadband Ask agent
- Sewerage Ask agent
Rights and restrictions:
- Private rights of way Ask agent
- Public rights of way Ask agent
- Listed property Ask agent
- Restrictions Ask agent
Risks:
- Flooded in last 5 years Ask agent
- Flood defences Ask agent
- Source of flood Ask agent
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Monthly mortgage estimate
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*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE
QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR
MORTGAGE.
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**The 4.19% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 17/03/2026.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**The 4.19% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 17/03/2026.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.
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