This superb modern home is available to buy from as little as £129,000 with a 60% share!
This beautifully presented first-floor apartment offers contemporary living in the popular Cross Gates area of Leeds. Featuring two spacious bedrooms, the master benefits from an en-suite bathroom, while a second modern bathroom serves the entire apartment. The open-plan living space is bright and airy, leading seamlessly onto a private balcony perfect for relaxing or entertaining.
The property also comes with allocated parking, providing ease and convenience in a vibrant residential setting. Located within a three-story building, this apartment offers a perfect blend of privacy and community.
Residents will enjoy excellent local amenities, including shops, cafes, and leisure facilities, all within easy reach. For commuters, Cross Gates boasts excellent transport links, with regular train services, bus routes, and nearby road connections providing easy access to Leeds city centre and surrounding areas.
PRICING & AFFORDABILITY
Full Market Value: £215,000
60% Share Price: £129,000 (rent £232pcm)
Minimum 5% Mortgage Deposit (60% share): £6450
Approximate Service Charges: £154pcm*
Lease: 247
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 £215,000 and a purchaser would not need to meet the eligibility criteria listed above.
