Haxby Road, York - 35% Shared Ownership £119,000 - Leasehold

A two bedroom third floor luxury apartment for £119,000 at 35% shared ownership with option to increase ownership up to 100%. The rent on the share you don’t own is often less market rent (usually 2.75% of the full market value).

Nestled within the sought-after Cocoa Works development, this newly constructed third-floor apartment offers a blend of contemporary living and rich historical charm. Once the site of Rowntree's chocolate factory on Haxby Road, The Cocoa Works seamlessly integrates modern comforts with the industrial legacy of its past.

Just an 8-minute stroll from York city centre, residents enjoy easy access to its quaint streets, historical landmarks, and vibrant attractions. The development has been built by the award winning Latimer, part of the Clarion Housing Group.

The apartment itself is thoughtfully designed, featuring two bedrooms and a west-facing orientation that invites ample natural light throughout the day. Upon entry, you're greeted by an inviting hallway adorned with a large utility and storage cupboard, complete with a washer/dryer for added convenience.

The heart of the home lies in the spacious open-plan kitchen, dining, and living area, where high ceilings and historic design elements create an atmosphere of timeless elegance. The contemporary kitchen boasts a sleek, handle-less design complemented by integrated Bosch appliances and finished in a sophisticated matt texture.

Large feature windows illuminate the space, casting warm light onto the lime-washed oak-effect flooring laid in a classic Herringbone pattern. The result is a harmonious blend of modern luxury and historic character, offering residents a truly unique living experience.

Completing the apartment is a stylish bathroom adorned with Vado brassware in a striking matt black finish. A Crittall-style shower screen adds a touch of industrial chic, while the bath features sleek matt black framing and a Vado thermostatic overhead and handheld shower.

Reservation Deposit £300
Lease Length 250 Years
Service Charge Approximately £3.50 Per Sqft Per Annum (subject to change and based on the running costs of the building)
Ground Rent £0
Warranty Checkmate

The purchase price of £119,000 is based upon a RICS valuation of £340,000 for 100%. A rent of approximately £507 per month on the remaining
Shared ownership offers several advantages:

Advantages of shared ownership

Start by buying a minimum share of just 35%.

Deposits are usually 5-10% of the price of your share.

You only need a mortgage to cover the price of your share.

Increase your share bit by bit all the way to owning 100%.

Stamp duty can generally be deferred until your share reaches 80%.

Lower running costs of a new-build home with the latest technologies, fixtures and fittings.

The rent on the share you don’t own is often less market rent (usually 2.75% of the full market value).

Benefits OF Shared Ownership : -
Rent Paid On Remainder at 2.75% Per Annum, Which Can Be Less Than The Current Lending Rates Available
Deposits are usually 5-10% of the price of your share.
You only need a mortgage to cover the price of your share.
Increase your share bit by bit all the way to owning 100%.
Stamp duty can generally be deferred until your share reaches 80%.
35% Shared Ownership Based on Asking Price £340,000
Lower running costs of a new-build home with the latest technologies, fixtures and fittings.

2 Bedrooms   |   2 Bathrooms   |   1 Reception