Ash Court, Sowerby, Thirsk, YO7

A fantastic opportunity to purchase a 25% share in this exceptionally spacious family home. This could be the ideal time to secure a property that meets your space requirements and transition from the rental market. Terms and conditions apply.

The Property

A fantastic opportunity to purchase a 25% share in this exceptionally spacious family home. This could be the ideal time to secure a property that meets your space requirements and transition from the rental market. Terms and conditions apply.On entry, the spacious hall provides access to several ground floor rooms, including the living room, office, kitchen, and utility room, with a staircase leading to the first-floor accommodation. The living room is beautifully presented, featuring a built-in media centre and double doors opening to the dining area of the kitchen, creating an ideal space for family living and entertaining.The well-designed kitchen and dining area offer excellent storage with fitted base units and a range of integrated appliances. A breakfast bar enhances the functionality of the space, while the dining area features coordinated cabinetry and double doors leading to the garden. Adjacent to the kitchen, the utility room provides additional convenience with a door to the side of the home. Completing the ground floor is a versatile home office or additional lounge.On the first floor, there are four double bedrooms, with the primary bedroom benefiting from an en-suite shower room. The remaining bedrooms share access to the main bathroom, which includes a panelled bath with shower, WC, and a vanity unit with washbasin.Externally, the rear west facing garden is thoughtfully designed for low maintenance and family enjoyment. Optional extras available for purchase include a hot tub and an built in BBQ, with excellent storage and space for a portable pizza oven. Also included within the sale is an substantial timber shed with power and lighting. The property benefits from allocated parking for two vehicles, with the owners having designated additional garden space for further parking with a stone surface.The property is LeaseholdCouncil: North YorkshireTax Band: DEPC: BEPC Link: https://find-energy-certificate.service.gov.uk/energy-certificate/0018-5095-7327-4636-1980RENT: ?618.00 per monthService Charge: ?0.00

Shared Equity

About the Shared Ownership SchemeIf you are struggling to afford to buy a home outright, we can offer you the opportunity to get on the housing ladder through shared ownership. Shared Ownership is a Government funded scheme that allows you to buy a share in a new home usually between 25-75% of the property s value depending on what you can afford. The remaining share is owned by Broadacres and you will pay reduced rent on that share. When you can afford to, it is possible to purchase larger shares of the property, in some cases the full 100%.How it worksIt can be an affordable alternative to renting or buying on the open market. You don t need to raise a deposit based on the total value of the property, just for the share you are buying. This means that you don t have to apply for a full mortgage, which may increase the chance of being accepted by a Bank or a Building Society.You can buy a newly-built home or one through a re-sales programme. All shared ownership properties will be leasehold.Who qualifies for shared ownership?You should be eligible if:Your household earns less than ?80,000 per yearYou are unable to afford to buy a home outright on the open marketYou are over 18 and living in the UKYou are able to obtain a mortgage to cover the purchase price of the saleYour income is sufficient to cover the mortgage,rent and service chargesYou have savings (or access to) to cover the fees of buying your property plus your depositFrequently asked questionsWhich homes are available on Shared Ownership?This will depend on schemes available at the time. To view which properties are currently available, go to the Property Search on the Broadacres website.What size property can I buy?You can apply for any size property, but priority may be given to households whose size is more suitable for the property. So a couple with children may get priority over a single buyer for a three bedroom home.How are properties allocated?Applications from the following groups are welcomed:Housing association and council tenantsFirst time buyersMembers of the armed forcesLocal priorities, i.e. those who live or work in the local area, or have immediate family living in the areaWhat are the costs involved with buying?To buy you will need to be able to cover the cost of the mortgage valuation or survey, legal fees, and stamp duty (if applicable). In most cases you would pay a mortgage deposit, on top of the ?3,500 to ?4,500 needed to cover the costs of buying. The amount of the deposit required will depend on your mortgage provider, the terms of the mortgage and your credit rating.For more information on buying one of our properties please contact our Sales Team at Broadacres on: 01609 767900.A deposit of ?250 is also payable to Broadacres at the time of reserving the property.Every month, you will need to make the following payments:Your mortgage repayment, to your mortgage lenderYour rent, which you pay to Broadacres, based on the share of equity that you buyIf you buy a flat (or house on an estate with shared areas) you will also pay a service charge for maintenance and upkeep of the common areasHow much rent will I pay?We charge 2.75% on the value of the percentage you don t ownSo for example, if the full value is ?200,000 and you purchase a 25% share , this would cost ?50,000The rent will be 2.75% on ?150,000 (the value you don t own) = ?4125 for the year or ?79.32 per weekWho is responsible for repairs and maintenance?As the homeowner, regardless of the share you have purchased, it is your responsibility to repair and maintain your new home, including all repairs to heating systems. New homes often come with a guarantee that will cover defects for the first year after it was built this usually only covers defects in the builder s workmanship.

Disclaimer

We strive to ensure that our sales particulars are accurate and reliable. However, they do not constitute an offer or form part of any contract, and should not be relied upon as statements of representation or fact. Services, systems, and appliances mentioned in this specification have not been tested by us, and no guarantee is given regarding their operational ability or efficiency. All measurements are provided as a general guide for prospective buyers and are not exact. Please note that some particulars may still require vendor approval, and images may have been enhanced. For clarification or further information on any details, please contact us especially if you are traveling a significant distance to view the property. Fixtures and fittings not explicitly mentioned are subject to agreement with the seller.The copyright and all other intellectual property rights on this site, including marketing materials, trademarks, service marks, trade names, text, graphics, code, files, and links, are owned by Luke Miller & Associates. All rights are reserved.