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1 bedroom apartment for sale

Available

Cream, The Cocoa Works, Haxby Road, YO31 8AF

£77,000 · Shared Ownership Resale

Share percentage 35%, full price £220,000, £7,700 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£77,000 Shared Ownership Resale

Share percentage 35%, full price £220,000, £7,700 Min Deposit

Monthly Cost: £893
Rent £370, Service charge £141, Mortgage £382*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Summary

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

Description

This immaculately-presented apartment is on the fourth floor of the recently-converted Rowntree chocolate works site (building has a lift). The property has a twenty-seven-foot reception room with attractive herringbone flooring and three east-facing windows. The open-plan kitchen area features handle-less cabinet fronts, integrated appliances and an island unit. There is a fitted wardrobe in the bedroom, a large storage/utility cupboard and a stylish, high-spec bathroom. Internal wall insulation and high performance glazing help bring energy-efficiency up to modern standards. The city centre is within comfortable walking distance and can also be reached by bus or brief bike ride.

SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £220,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/4yruz6uu]

(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.)

Housing Association: Clarion.
Tenure: Leasehold (250 years less 5 days from 13/02/2020).
Minimum Share: 35% (£77,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £369.98 per month (subject to annual review).
Service Charge: £140.81 per month (subject to annual review).
Guideline Minimum Income: Dual - £27,700 | Single - £31,900 (based on minimum share and 10% deposit).
Council Tax: Band B, City of York 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. Pets not permitted (except assistance animals). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £7,700
  • Guide Min Income Dual £27.7k | Single £31.9k
  • Fourth Floor (building has a lift)
  • Approx. 527 Sqft Gross Internal Area
  • Open Plan Kitchen/Reception Room
  • Stylish Bathroom
  • High Performance Glazing
  • City Centre Within Easy Reach
Particulars

Tenure: Leasehold
Lease Length: 224 years
Council Tax Band: B

Property Downloads
Key Information Document Floor Plan Brochure
Map
York (1.22 miles) Poppleton (2.95 miles) Hammerton (8.60 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: No

Outside Space/Garden: No

Year property was built: Enquire with provider

Unit size: Enquire with provider

Accessible measures: Enquire with provider

Heating: Enquire with provider

Sewerage: Enquire with provider

Water: Enquire with provider

Electricity: Enquire with provider

Broadband: Enquire with provider

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 and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

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

£77,000
Shared Ownership Resale
Estimated Monthly Cost:£893
Rent £370
Service Charge £141
Mortgage £382

Share percentage 35%, full price £220,000, £7,700 Min Deposit. Calculated using a representative rate of 4.42%


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.