1 bedroom apartment for sale
Available
Read, Woodlands Village, WF1 5LQ
£35,000 · Shared Ownership Resale

Share percentage 50%, full price £70,000, £3,500 Min Deposit.

Available
1 bedroom
1 Bathroom
Communal Garden
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£35,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £70,000, £3,500 Min Deposit.

Monthly Cost: £377
Rent £150, Service charge £76, Mortgage £151*

Calculated using a representative rate of 3.09%

Calculate estimated monthly costs

£
Eligibility

WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
 Not own another property in the UK or any other country.
 Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
 Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
 Be in full time permanent employment.
 Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
 Have a good credit history.
If you are still unsure about Shared Ownership or would like more information view[ Facts and Frequently Asked Questions]

Summary

A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis

Description

SHARED OWNERSHIP(Advertised price represents 50% share. Full market value £70,000). This well-presented flat is on the top (second) floor and is south-east facing. The reception room is semi-open-plan to the kitchen and the bedroom and bathroom are both quite spacious. Modern insulation standards, double glazing and gas central heating make for a good energy-efficiency rating. Woodlands Village has attractive areas of communal garden along with a car park (spaces available on a first come - first served basis). Alternatively, Sandal & Agbrigg and Wakefield Kirkgate Railway Stations are both within comfortable walking distance or a short bus/cycle ride.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM[HERE; https://bit.ly/3qQ2W4m]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Tenure:Leasehold (125 years less 5 days from 01/01/2006).
Minimum Share:50% (£35,000).
Shared Ownership Rent:£149.95 per month (subject to annual review).
Combined Service Charge and Admin Fee:£75.91 per month (subject to annual review).
Guideline Minimum Income:£16,000 (based on minimum share and 10% deposit)
Council Tax:Band A, Wakefield Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.

Key Features
  • Guideline Minimum Deposit £3,500
  • Guideline Income £16,000
  • Second Floor
  • Approx. 517 Sqft Gross Internal Area
  • Open-Plan Reception/Kitchen
  • Double Glazing and Gas Central Heating
  • Communal Parking
  • Walking Distance to Railway Stations
Property Downloads
Floor Plan Brochure Energy Certificate
Map
Sandal & Agbrigg (0.27 miles) Wakefield Kirkgate (0.74 miles) Wakefield Westgate (1.20 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£35,000
Shared Ownership Resale
Estimated Monthly Cost:£377
Rent £150
Service Charge £76
Mortgage £151

Share percentage 50%, full price £70,000, £3,500 Min Deposit. Calculated using a representative rate of 3.09%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.