Shared Ownership Properties To Launch At Bristol Harbourside Development
Posted 18 October 2023 by
Helen ChristieWhatHouse? Award-winning developer, Guinness Homes, part of The Guinness Partnership, is set to launch 11 Shared Ownership apartments at its Bristol harbourside development, McArthur’s Yard, in October.
The launch follows recent demand for Shared Ownership apartments in Bristol, with over 1,000 customers expressing interest in the homes over recent months.
The apartments at McArthur's Yard will be officially launched at an event taking place on Saturday 28 October. Open from 10am – 5pm, the launch will give prospective buyers the opportunity to tour the show home, explore the local area and find out more about the homes and Shared Ownership.
Located in the heart of Bristol’s historic harbourside, the Shared Ownership properties will be available in a selection of plots, designed to suit different lifestyles and budgets. A total of 50 plots will be available in the coming months.
The development has used recycled materials throughout the build, repurposing stone from the previous building to reduce waste and add a unique, historical detail. With essential amenities, transport links and cultural attractions within walking distance, McArthur’s Yard is the perfect location for first-time buyers.
An alternative route to purchasing a home, Shared Ownership enables buyers to buy a percentage of the market value of their chosen property, from the housing developer typically between 25% and 75%. Owners will then pay low monthly rent on the remaining unpaid shares, in addition to any mortgage costs and service charges.
Karen Hancock, South and West sales manager at Guinness Homes, says: “Initially planned for release around the start of 2024, the huge demand for these modern and affordable apartments has guided our decision to bring the launch forward to October. Guinness Homes previously launched Shared Ownership apartments in Bristol, at Lyde Green in Emersons Green, which were exceptionally popular and indicated a need for affordable routes to home ownership in this desirable city. With only 11 apartments on offer and over 1,000 enquiries already, those interested should get in touch now before they’re all taken.”
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