1 bedroom apartment for sale

Available

Melbourne Mills, Melbourne Street, Morley, LS27 8BJ

£60,000 · Shared Ownership Resale

Share percentage 75%, full price £80,000, £3,000 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£60,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 75%, full price £80,000, £3,000 Min Deposit.

Monthly Cost: £504
Rent £93, Service charge £116, Mortgage £295*

Calculated using a representative rate of 3.82%

Calculate estimated monthly costs

£
Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
Summary

This is a one-bedroom ground floor flat forming part of a purpose-built development inmarket town of Morley, Leeds.

Description

This is a one-bedroom ground floor flat forming part of a purpose-built development inmarket town of Morley, Leeds. The property is situated within an established residential area, local amenities and transport links are within reasonable reach. This property is available to purchase using Shared Ownership. Shared Ownership is a government scheme and offers another way to buy your home. You buy a percentage and pay rent on the rest. You own part of it – but you are living there, you decorate it as you wish and decide when to sell. Buying a percentage means a smaller deposit and a smaller mortgage. It is a sooner first step on the ladder for lots of people. Usually, you can carry on buying further shares to own it 100%.

Key Features
  • 75% Shared Ownership
  • 1 Bedroom Ground Floor Apartment
  • Lease Term Remaining: 84
  • Energy Rated "C"
  • Council Tax Band "A"

Particulars

Tenure: Leasehold
Council Tax Band: A

Property Downloads
Floor Plan
Virtual Tour
Map
Morley (0.50 miles) Cottingley (1.68 miles) Batley (2.62 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.

£60,000
Shared Ownership Resale
Estimated Monthly Cost:£504
Rent £93
Service Charge £116
Mortgage £295

Share percentage 75%, full price £80,000, £3,000 Min Deposit. Calculated using a representative rate of 3.82%


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.