Semi-detached house for sale in Admiral Way, Sherburn In Elmet, Leeds LS25

Available to buy through shared ownership (60% Share Available For Purchase).

This recently built semi-detached property is found in the popular and expanding village of Sherburn In Elmet, located between Leeds and York with easy commutes to both.

The property is set over two floors with a well-appointed kitchen/diner and a separate lounge with a large bay window making up the ground floor.

Upstairs you will find a generously sized master bedroom that stretches across the entire front of the property. To the rear are two further bedrooms that can be used for that purpose or easily converted into impeccable office space. The bathroom with an integrated bath/shower can also be found on this floor.

The rear of the property has a well-maintained, secure and private garden with a paved area and lawn. The front of the property has convenient off-street parking for two cars.

Sherburn itself is a hugely popular choice for those looking to move slightly out of nearby cities to improve their overall standard of living. The small town is ideally located for anyone commuting to Leeds, York and beyond. The M1, A1 and M62 motorways are within very easy reach as well as several local stations with direct trains to the aforementioned cities as well as Manchester and Hull amongst others.

This home is not available to purchase outright. Potential buyers will be purchasing a 60% share of the property and will be required to pay rent on the remaining 40% to the housing association who hold the freehold.

You are entitled to purchase the remaining 40% of the property over time from Yorkshire Housing.

Shared ownership is a popular option for first-time buyers who may not have the means to purchase a new home outright.

The current rent on the non-owned share of the property is £222.26 per month with a scheduled annual increase equal to the rate of the Retail Price Index (rpi) plus 0.5%.

Ground rent on this property is currently £0 and service charges are £8.95 per month.

Any party interested in this property will need to complete an application to ensure they are eligible to participate in Yorkshire Housing's Shared Ownership scheme. As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Shared Ownership Eligibility

As with any long-term financial commitment, Yorkshire Housing's Shared Ownership scheme requires you to meet various eligibility criteria. The key points of which have been set out below:

Income

To be eligible, your household income cannot exceed £80,000.

Purchaser Circumstances

You must be either a first-time buyer, or if you used to own a home but don't anymore and then you must be in the position that you can't currently afford to buy outright again.

Financial assessment

To verify your financial circumstances as part of the eligibility criteria, an independent financial assessment will verify your capacity to pay the monthly costs you'll need to maintain residence in your property.

To move forward with the purchase of this Shared Ownership property you will be required to complete an application form to demonstrate and prove your eligibility and ability to afford payments associated with the purchase.

Once you are approved, you will be notified and you will be able to move forward with the purchase process.

In the first instance, please arrange a viewing for this property. If you wish to enter into the purchase process then our Ewemove agent will guide you to the relevant resources to complete your application.

Kitchen Diner

4.98m x 3.5m - 16'4” x 11'6”

Lounge

4.71m x 3.04m - 15'5” x 9'12”

Ground Floor WC

1.6m x 0.85m - 5'3” x 2'9”

Hallway

Master Bedroom

4.98m x 3.77m - 16'4” x 12'4”

Bedroom 2

2.91m x 2.41m - 9'7” x 7'11”

Bedroom 3

2.41m x 2.07m - 7'11” x 6'9”

Bathroom

2.27m x 1.71m - 7'5” x 5'7”