Grainbeck Rise, Harrogate

2 bedrooms Semi detached property for sale

£94,000 Shared ownership

  • 2 bedrooms
  • 1 bathroom
Sold subject to contract

Key features

  • 2 Bed Features
  • Large lounge/diner
  • Downstairs WC
  • Good sized kitchen
  • 2 double bedrooms
  • allocated parking
  • Fenced and turfed rear gardens

Full description

Tenure
Leasehold

Solo Homes together with Progress Housing are pleased to bring to the market on a shared ownership basis 5 x 2 bed homes and  on the Linden Homes development at Grainbeck Lane Killinghall.  The properties are carefully designed to cater for the needs of modern living with spacious layouts, allocated parking and fenced and turfed rear gardens. Perfectly located only a short drive from the center of Harrogate, Grainbeck Lane is ideal for couples, families and downsizers looking to enjoy a relaxed lifestyle within easy reach of a wide range of amenities. Prices for a 40% share on a 2 bed mid mews start from £94,000(shares from 25-75% subject to affordability assessment) and with deposits as low as 5%. A local connection to Killinghall, Shaw Mills, Bishop Thornton, Nidd, Birstwith or Hampsthwaite is a requirement.  Available to move into from August 2021.

Shared Ownership - How It Works And How You Start The Application Process.
Shared Ownership allows you to buy a share in anew home, ranging from 40% to75%, depending on what you can afford. Progress Housing will own the remaining share, and you pay a reduced rent on that share. This means that you will need a smaller deposit and mortgage than if you bought a property outright.  Generally you are able to buy a bigger property than you may otherwise be able to afford You can buy more shares as and when you can afford them - this is called Staircasing - and as you buy more shares, you will pay less rent. You can eventually own 100% of the property if you want to, at which point you will pay no rent at all. Your monthly payments could be less than renting privately. A service charge of £30pcm (to be confirmed) is payable for maintenance of any common areas and to cover buildings insurance. As a homeowner, you will be responsible for the maintenance and repairs on your home. However as it is a new build, your property comes with a 10 year NHBC guarantee and many of the appliances will have a 2 year manufacturers guarantee giving you peace of mind.       

Price & Rent Calculator –  2 bed prices from £235k Mid Plot  
40% share price £94,000 and rent of £323.13pcm
50% share price £117,500 and rent of £269.27pcm
60% share price £141,000 and rent of £215.42pcm
75% share price £176,250 and rent of £134.64pcm

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