2 bedroom apartment for sale

Shared Ownership

This superb modern home is available to buy from as little as £88,000 with a 40% share! (NB. There is a staircasing restriction at 80% for this property.)

This well-presented first floor apartment is located in the popular residential area of Hills Way in Bramley, offering comfortable and practical living in a convenient setting. Accessed via a communal entrance, the property benefits from a bright and airy feel throughout, with a layout that makes excellent use of the available space.
The apartment features a generous open-plan living area incorporating the kitchen, creating a sociable and versatile space ideal for both everyday living and entertaining. Large windows allow plenty of natural light to flow through, enhancing the sense of openness and providing an attractive outlook. The kitchen is neatly arranged with ample worktop and storage space, well suited to modern living.
There are two well-proportioned bedrooms, both offering flexibility for a variety of needs, whether as sleeping accommodation, a home office, or guest space. The bathroom is fitted with a modern suite and finished in a neutral style, providing a clean and functional space. Outside, there is an allocated parking space.

Hills Way enjoys a convenient position within Bramley, with a wide range of local amenities close at hand including supermarkets, independent shops, cafés, and everyday services within Bramley town centre. The area is well served by public transport, with regular bus services providing easy access to Leeds city centre and surrounding districts, while Bramley railway station offers direct connections for commuters. For those travelling by car, the property benefits from straightforward access to the A647 and Leeds outer ring road, making travel across the city and beyond efficient. Nearby green spaces and leisure facilities, including Bramley Park and canal-side walks, further enhance the appeal of this well-established and popular residential location.

PRICING & AFFORDABILITY

Full Market Value: £220,000

40% Share Price: £88,000 (rent £212.77 pcm)
Minimum 5% Mortgage Deposit (% share): £4,400
Approximate Service Charges: £85.59 pcm*
Lease: 172 years

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

* This home can also be purchased outright (100% of the value) which is £220,000 and a purchaser would not need to meet the eligibility criteria listed above.