2 bedroom apartment for sale

Available

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

£76,250 Shared Ownership Resale

Share percentage 25%, full price £305,000, £7,625 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Floor plan
floor-plan
Floor plan
floor-plan
£76,250 Shared Ownership Resale

Share percentage 25%, full price £305,000

Monthly Cost: £1,159

Rent £568, Service charge £213, Mortgage £378*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Summary

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

Description

An attractively-presented apartment in the recently-converted Rowntree chocolate factory. The ground-floor property has a dual-aspect reception room with herringbone flooring and no less than eight warehouse-style windows. The open-plan kitchen features an island unit/breakfast bar and integrated appliances. There are two good-sized double bedrooms. Both include a fitted wardrobe and one is en-suite to a high-spec shower room. The hallway provides access to the smart, modern bathroom as well as to a large storage/utility cupboard. Well insulated walls and floor combined with high-performance glazing make for a good energy-efficiency rating. There is a coffee shop/restaurant within the well-kept grounds of The Cocoa Works and a residents' library and co-working space in the concierge building. York city centre can be easily reached on foot, via bus or by brief cycle ride. Haxby Road Primary School, which is just a few minutes walk away, is Ofsted-rated 'Good' and there are several other well-thought-of schools, primary and secondary, in the local area.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £305,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/3ruap7jb]

(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: 25% (£76,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £568.05 per month (subject to annual review).
Service Charge: £213.35 per month (subject to annual review).
Guideline Minimum Income: Dual - £35,500 | Single - £41,700 (based on minimum share and 10% deposit).
Council Tax: Band C, 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 may be permitted but only with prior consent from Clarion (which, unfortunately, can only be obtained once you are the property owner). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £7,625
  • Guide Min Income Dual £35.5k | Single £41.7k
  • Ground Floor
  • Approx. 763 Sqft Gross Internal Area
  • Dual Aspect Reception Room
  • Open Plan Kitchen
  • Two Good-Sized Double Bedrooms
  • Bathroom plus En-Suite Shower Room
  • Modern Insulation and High Performance Glazing
  • City Centre Within Easy Reach
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Floor Plan Brochure
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.

£76,250
Shared Ownership Resale
Estimated Monthly Cost:£1,159
Rent £568
Service £213
Mortgage £378

Share percentage 25%, full price £305,000, £7,625 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.