3 bed semi-detached house for sale

Skipton BD23

Progress Housing are delighted to bring to the market two 3 bed semi-detached homes available on a shared ownership basis, on the fantastic Crookrise development by R N Wooler in Skipton.

Get on or stay on the housing ladder with a 5% deposit based on a 40% share.

Local Area Information

Ideally located for town, country and a wide range of local amenities, Crookrise offers two 3 bedroom semi-detached plots on a shared ownership basis, presenting the perfect layout in a beautiful surrounding.

Handily located near to where the A65 meets the A6131, a desirable location on the edge of the urban area, and therefore on the fringe of open countryside. A great selection of amenities can be found close by with the market town of Skipton approximately 1 mile away offering a wide range of local and independent shops.

The Crookrise development benefits from a train station only a five minute drive away which offers good connectivity to the larger West Yorkshire cities of Leeds and Bradford.

** Please note, a local connection to Skipton is an eligibility requirement for this development - contact us for further information **

Shared Ownership - How It Works and How You Start The Application Process

Shared Ownership allows you to buy a share in a new home, ranging from 40%* to 75%, depending on what you can afford (*please note, buyers are required to purchase the optimum % share that is affordable for them). Progress Housing will own the remaining share, and you pay a reduced rent on that share. This means that you will need a smaller deposit and mortgage than if you bought a property outright. Generally, you are able to buy a bigger property than you may otherwise be able to afford.

You can buy more shares as and when you can afford them - this is called staircasing - and as you buy more shares, you will pay less rent. You can eventually own 100% of the property if you want to, at which point you will pay no rent at all. Your repayments could be less than renting privately.

The current service charge is approx. £48.52pcm and is payable for maintenance of any common areas and to cover buildings insurance.

As a home owner, and in accordance with the terms of your lease, you will be responsible for the maintenance and repairs on your home. However, as it is a new build your property comes with a 10-year NHBC warranty and many of the appliances will have a 2-year manufacturer's guarantee giving you peace of mind.

Progress Housing will refer you for an affordability assessment to determine the % share that is affordable for you now and in the long term.

Detailed below is an indication of the price of various shares and the rent payable on the unpurchased equity.

Price & Rent Calculator - 3 bed semi-detached with an open market value of £330,000:

40% share price £132,000 and rent of £453.75pcm

50% share price £165,000, and rent of £378.13pcm

60% share price of £198,000, and rent of £302.50pcm

75% share price of £247,500 and rent of £189.06pcm