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

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
Council Tax Band: B

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

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

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

Disclaimer
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.