1 bedroom apartment for sale
Mint, The Cocoa Works, York, YO31 8AE
Share percentage 25%, full price £235,000, £5,875 Min Deposit.
Share percentage 25%, full price £235,000
Monthly Cost: £876
Rent £414, Service charge £149, Mortgage £313*
Calculated using a representative rate of 5.13%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Buy a One-Bedroom Apartment on a Shared Ownership (Part-Buy/Part-Rent) Basis
Description
A spacious one-bedroom apartment on the first floor of the recently-converted Rowntree chocolate works building. The property has a twenty-five-foot reception room with attractive herringbone flooring and a trio of east-facing, warehouse-type windows. The open-plan kitchen area features stylish, handle-less units and integrated appliances. There is a good-sized bedroom with fitted wardrobe, a sleek, high-spec bathroom and a large built-in storage/utility cupboard. Well insulated walls and high performance glazing help keep energy costs down. 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. The city centre can be easily reached on foot, via bus or by brief cycle ride.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £235,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/vw6m465c]
(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% (£58,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £414.39 per month (subject to annual review).
Service Charge: £148.65 per month (subject to annual review).
Guideline Minimum Income: Dual - £25,800 | Single - £29,200 (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 £5,875
- Guide Min Income Dual £25.8k | Single £29.2k
- Approx. 588 Sqft Gross Internal Area
- First Floor (building has a lift)
- Open Plan Kitchen/Reception Room
- Fitted Wardrobe in Bedroom
- Stylish Bathroom
- Modern Insulation and High Performance Glazing
- Extensive Communal Grounds
- City Centre Within Easy Reach
Particulars
Tenure: Leasehold
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan BrochureThe ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- 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.
Share percentage 25%, full price £235,000, £5,875 Min Deposit. Calculated using a representative rate of 5.13%
Calculate estimated monthly costs