Property Overview

Newby Court, Boroughbridge YO51 £165,000 (Shared Ownership)

2 Bedrooms | 1 Bathrooms

An exciting shared ownership opportunity with Broadacres Housing Association to buy between 25%-80% of this brand new 2 bedroom semi-detached property subject to meeting the required Eligible Occupier & Local Connection criteria.

*** BRAND NEW HOME & READY TO MOVE INTO NOW ***

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Inside - A reception hall with cloakroom/wc and staircase rising to the first floor leads off into a living room with double doors opening out into the rear garden and an impressive dining kitchen featuring a range of base and wall storage cupboards, stainless steel sink and drainer plus a built-in oven and hob complemented by freestanding appliance space.

The first floor landing leads off into two double bedrooms and a bathroom with a shower over the bath.

Other internal features of note include gas fired central heating to radiators, double glazing and the residue of a 10 year structural warranty.

Outside - Externally there is a parking space at the front of the property and the rear garden is enclosed, mainly laid to lawn and features a small paved seating area and a raised flowerbed.

So How Does Shared Ownership Work? - Shared Ownership is a Government funded scheme allowing you to buy a share in a new home. You can buy as little as a 25% share to as much as 80% and rent the remaining share from Broadacres Housing Association. The greater the share you own the lower amount of rent is payable as illustrated in the examples below:

25% £55,000 plus Weekly Rent £87.26
35% £77,000 plus Weekly Rent £75.63
40% £88,000 plus Weekly Rent £69.81
50% £110,000 plus Weekly Rent £58.17
60% £132,000 plus Weekly Rent £46.54
70% £154,000 plus Weekly Rent £34.90
75% £165,000 plus Weekly Rent £29.09
80% £176,000 plus Weekly Rent £23.27

Plus the Estate Charge of £2.62 per week.

Eligible Occupier & Local Connection - "Eligible Occupier" means a person or household containing a person who is in need for a property of this type and must have a "Local Connection" to Boroughbridge, Cundall, Kirby Hill, Langthorpe, Milby, Newby, Norton-le-Clay, Roecliffe, Skelton-on-Ure and Thornton Bridge, although the connection area has now been updated to include the whole of the Harrogate District Council.

"Local Connection" means that you or a person within the household currently lives within the defined area and has lived there for at least 2 years.

Or has close family resident in the defined area (minimum of 5 years).

Or who has previously lived in the area for a continuous period of 10 years.

Or who has been in employment for a minimum of 12 months for no less than 12 hours per week.

Energy Efficiency - The property's current energy rating is B (84) and has the potential to be improved to an EPC rating of A (97).

Services - We have been informed by the Vendor that all mains services are connected to the property.

Tenure - We have been informed by the Vendor that the property is leasehold with a 125 year lease.

Council Tax & Postcode - This property is within North Yorkshire Council and the tax band is B. The property's postcode is YO51 9FU.

Newby Court 26 York YO51 9FU

Property Overview

Newby Court, Boroughbridge YO51 £165,000 (Shared Ownership)

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