Taylors Estate Agents says ..

Property Oracle says ..

This 2-bedroom, 1-bathroom flat in Westbury-on-Trym, Bristol, is marketed as a 50% shared ownership property. The location in Westbury-on-Trym offers the benefits of a family-friendly atmosphere and is within reasonable proximity to several schools. The property itself appears to be in good, habitable condition, but the interior décor and furnishings are not modern or updated. The interior photos showcase a functional living space, two bedrooms (one appearing to be used as a home office), and a relatively small kitchen and bathroom. Importantly, this property is a shared ownership property, which means the buyer only purchases a percentage of the property (in this case 50%) and pays rent on the remaining share. It is worth noting that the property does not have any private outdoor space, which is a significant drawback for some buyers.

The list price of £122,500 needs to be considered within the context of the shared ownership model. More information on average prices for similar shared ownership flats in the area would allow for a more precise assessment of whether this represents good value for money. Buyers should be aware of the ongoing costs associated with shared ownership, including the rent on the remaining share and any service charges.

Overall, the property represents a reasonable option for first-time buyers or those looking for an affordable entry point into the Bristol property market. However, the lack of outdoor space and the shared ownership structure are important factors to weigh carefully before making a purchase decision. Potential buyers should conduct thorough due diligence and carefully consider the long-term financial implications of shared ownership.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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