Bishops Green

3 bedroom homes in Nimrod Way, Wells, BA5 1AF, BA5 1AF

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £108,000 for 40% share
Full price from £270,000
Min deposit from £5,400
Monthly rent from TBC
Bedrooms 3
Bathrooms 1
Parking 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Located in the City of Wells, Bishops Green is a new development of new homes ideal for first time buyers and families and available through shared ownership in Bristol.

  • Pubs and restaurants within walking distance.
  • Variety of excellent schools for all ages, including Wells Cathedral School.
  • Shopping opportunities including Waitrose within walking distance also Morrisons and Tescos.
  • Clarks Village designer shopping outlet less than 20 minutes away.
  • Bristol Zoo, @Bristol, Cabot Circus only 1hrs drive. 

Local area information

Where is Bishops Green?

This wonderful Somerset development is perfectly situated less than two miles away from Wells city centre, yet offers excellent commuting for the nearby cities of Bristol and Bath which are only an hour away. Renowned for its famous 13th century Cathedral and being England’s smallest city, Wells has an array of historic buildings and an excellent choice of educational establishments for all ages making it fantastic for families. With its varied mix of independent and high street stores, you won’t be short on shopping opportunities! The local train station is located in nearby Castle Cary only a short drive away, providing further links to travel further afield; central London can be reached in just over two hours. Additionally Bristol and Exeter international airports are within easy reach, making it ideal for international travel.

Amenities near by:

Pubs and restaurants within walking distance.

Variety of excellent schools for all ages, including Wells Cathedral School.

Shopping opportunities including Waitrose within walking distance also Morrisons and Tescos.

Clarks Village designer shopping outlet less than 20 minutes away.

Bristol Zoo, @Bristol, Cabot Circus only 1hrs drive.

Interested in something to do?

Wells Cathedral and the Bishops Palace are two of the many stunning architectural buildings that Wells has to offer. Surrounded with historic beauty, the city holds many artefacts for you to admire. If you love the great outdoors, there is a wide array of parks and gardens to explore, filled with nature and providing great days out in the British summer. To keep the kids entertained on those rainy days, there are plenty of places in Wells for them to visit. The Square play centre is perfect for the little ones, whilst Wookey Hole Caves are less than three miles away from Wells city centre and offers a great day out for the family. You may even meet the witch of Wookey!

Status Plot No. Floor Beds Min share price Eligibility
Available 149 1 3 £108,000 View details
Available 146 1 3 £108,000 View details
Available 148 1 3 £110,000 View details

FAQ's

Min share price from: £108,000 for a 40% share
Full price from: £270,000
Minimum deposit from: £5,400
Monthly rent from: £371
Bedrooms: 3
Bathrooms: 1

There are 3 available ranging from £108,000 for a 40% share to £110,000 for a 40% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Bishops Green

3 bedroom homes in Nimrod Way, Wells, BA5 1AF, BA5 1AF

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £108,000 for 40% share
Full price from £270,000
Min deposit from £5,400
Monthly rent from TBC
Bedrooms 3
Bathrooms 1
Parking 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes