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Francis Court, Selby, YO8 9RQ

PROPERTY TYPE

Flat

BEDROOMS

2

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • 70% shared ownership
  • 70% maximum ownership
  • No rent payable on the remaining 30%
  • Two-bedroom first-floor apartment
  • Family bathroom
  • 83-year lease
  • Over-55s only

Description

Situated in the popular village of Thorpe Willoughby, this well-presented two-bedroom first-floor apartment offers an excellent opportunity for eligible buyers aged 55 and over seeking an affordable and manageable home in a peaceful residential setting.

The property comprises a comfortable living and dining area, fitted kitchen, two well-proportioned bedrooms and a family bathroom. Positioned on the first floor, the apartment offers a good balance of privacy and accessibility. Please note, there is no lift within the building.

Available on a 70% shared ownership basis, with 70% being the maximum share that can be purchased, this property is particularly attractive as no rent is payable on the remaining 30% share. The monthly payment to the landlord is £56.63, covering a range of communal and estate-related costs.

The monthly charges are made up of:

  • Audit Fee - £3.27
  • Buildings Insurance - £4.96
  • Communal Lighting - £7.00
  • Communal Water & Sewage Rates - £1.50
  • External Light Maintenance - £0.70
  • Fire Safety Equipment - £0.90
  • Grounds Maintenance - £6.80
  • Laundry Maintenance & Running Costs - £7.36
  • Leasehold General Repairs - £4.17
  • Management Fee - £17.87
  • TV Aerial - £0.21
  • Water Tank Treatment - £1.89

Total monthly payment excluding rent: £56.63.

The property has approximately 83 years remaining on the lease.

Eligibility Criteria

This property is available to applicants aged 55 and over who meet the relevant shared ownership eligibility requirements.

Applicants must:

  • Have a household income of £80,000 or less
  • Be unable to afford the full deposit and mortgage payments required to purchase a suitable home
  • Be aged 55 or over

Applicants must also meet one of the following criteria:

  • Be a first-time buyer
  • Have previously owned a home but now be unable to afford to buy one
  • Be forming a new household, for example following a relationship breakdown
  • Be an existing shared owner looking to move
  • Own a home but be unable to afford a suitable alternative property

If you currently own a property, it must be sold on or before the date you complete your shared ownership purchase.

All applicants will be subject to financial and credit assessments to ensure they can afford and sustain the associated housing costs.

Located within Thorpe Willoughby, the property provides access to local amenities, services and transport links, while offering a peaceful setting away from the hustle and bustle of larger towns.

With no rent payable on the remaining 30% share and a manageable monthly landlord payment of £56.63, this is an excellent opportunity for an eligible over-55 buyer looking for an affordable home in a popular North Yorkshire location.

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ground floor

Energy performance certificate - ask agent

Francis Court, Selby, YO8 9RQ

Approximate location

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Affordability

Monthly repayments£439
Property: £ 87,500
Deposit: £ 8,750
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Renovation potential
Recently sold & under offer
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About KEAZE LIMITED, London

2nd Floor Balfour House 46-54 Great Titchfield Street London W1W 7QA
Industry affiliations:

Delivered by a team with years of experience selling, letting and marketing new homes, with specialist Shared Ownership knowledge, Keaze provides you with a fuss-free and affordable way to buy, sell and rent.

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Disclaimer - Property reference KS-28461-2-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by KEAZE LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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