1 bed Flat For Sale £97,750
Apartment 71, 47 St. Lukes Road, Birmingham

Shared Ownership

This superb modern home is available to buy from as little as £97,750 with a 50% share!

A top floor apartment conveniently situated approximately 1 mile from The Bullring shopping centre as well as three different train stations (Birmingham New Street, Five Ways and Bordesley). The spacious accommodation includes an open plan lounge/kitchen/diner, a double bedroom and a bathroom.

The location of B5 Central is truly exceptional, placing you at the heart of Birmingham's vibrant city centre. With a wealth of amenities and attractions just moments away, you'll have everything you need within easy reach. From renowned shopping destinations like the Bullring Shopping Centre to a variety of restaurants, cafes, and entertainment venues, you'll never be short of options for leisure and recreation.

The local area is highly sought after with outstanding schools and colleges close by as well as the Queen Elizabeth Hospital and Private Priory hospital. The world-renowned University of Birmingham is also close by as well as the Edgbaston Cricket ground and Canon Hill park.

PRICING & AFFORDABILITY

Approximate Size: 506 sq ft

Full Market Value: £195,500

50% Share Price: £97,750 (rent £270.08pcm)
Minimum 5% Mortgage Deposit (5% share): £4,888
Approximate Service Charges: £142.65pcm*
Shared Ownership Lease: approx. 996 years
Council Tax Band: B

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.