2 bed flat for sale

Francis Court, Selby YO8

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.