2 bedroom apartment for sale

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £315,000). A beautifully-presented, third-floor flat in the recently-converted Rowntree chocolate factory. The entrance door opens into a twenty-four-foot reception room with herringbone flooring and an attractive kitchen area featuring handle-less units and integrated appliances. Natural light is provided by four tall, west-facing windows. There is a main bedroom with spacious, en-suite shower room plus a generously-sized second double bedroom and a stylish bathroom. Both bedrooms include fitted wardrobes. A storage/utility cupboard has been provided, between the entrance door and the kitchen, and demanding insulation standards 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. The 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.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM []

(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: 40% (£126,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £446.99 per month (subject to annual review).
Service Charge: £191.80 per month (subject to annual review).
Guideline Minimum Income: Dual - £42,100 | Single - £48,400 (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.

WHAT IS SHARED OWNERSHIP ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?

The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.