2-bedroom flat · YO19 4AL
To rentListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer this fantastic and modern 2 bedroom flat which is part of our 'Rent to Buy' scheme.
The rent to buy scheme is designed so that you have 5 years at a discounted rate (80% of the true market value which has already been applied) to save for your deposit before purchasing the property.
This property benefits from: - 2 bedrooms - Balcony - Secure door entry system, - Allocated parking - Modern bathroom - Open plan kitchen/living space - Recently built development and close to local amenities ** ADDITIONAL INFORMATION: - Images and floorplans may have been taken from a similar property and/or enhanced.
These should be used for guidance purposes only - Flooring and kitchen appliances may be gifted forward by the existing tenant if they meet our lettable standard otherwise they will be removed prior to your tenancy - This property will be sold 5 years from your tenancy start date and you will be given first refusal.
If you are unable to purchase it will be offered to the open market - Because we can't do viewings during repairs/compliance works we encourage virtual applications. ** WANT TO HELP YOUR APPLICATION?
HERE'S HOW: Contact us through Rightmove using 'Request Details' and Please use the 'Your Message (optional)' box to tell us things like; - Who will be living in the property (e.g.
2 adults, my 8 year old son and my 6 year old daughter) - How do you receive your income (e.g. working full time, self-employed for 5 years) - Do you have any bad credit, CCJs, IVA's etc?
(if so, provide some details) - Any pets? (e.g. 1 medium sized dog) - What is the very earliest date you can start your new tenancy agreement? - Do you have any savings?
Please note we are unable to contact unsuccessful applicants due to the number of enquiries we receive.
** ABOUT OUR 'RENT TO BUY SCHEME' AND WHETHER YOU MEET OUR CRITERIA: Rent to Buy is designed to ease the transition from renting to buying a home by providing a subsidised rent (80% of the full market value) for an initial letting period.
The cheaper rent provides the opportunity to save towards a deposit to purchase. - To be eligible you must have the intention of purchasing in the future.
- Affordability is calculated by you having the rental amount as disposable income after you've paid your necessities (such as phone contracts, cars on finance, debts, etc).
- Be able to pass referencing checks (credit, employment and landlord). - Household(s) must be working. We do not accept Universal Credit or similar.
- You must be a first time buyer UNLESS you are returning to the market after a relationship breakdown. Either way, you cannot currently be tied into a mortgage.
- The properties will be let on assured short-hold tenancies for a (maximum) fixed term of 2 years.
After this period the tenancy will become a rolling contract - After an initial period of 6 months, you can terminate your tenancy at any time. You are required to provide 28 days written Notice.
- You have the right to apply to purchase this property five years after the date the property was handed over from the developer to Yorkshire Housing.
This date will be provided within your tenancy agreement. - Yorkshire Housing will only refuse to sell the property in "exceptional circumstances".
An example of this would be if the property value at application stage is less than the value when Yorkshire Housing took handover from the developer. - The property will be sold at full market Value.
You will not be eligible for any reductions in sale price such as Right to Acquire.
- The Full Market Value will be determined by a RICS surveyor, you will be responsible for the cost of obtaining the valuation. ** INTERESTED AND MEET OUR CRITERIA? GREAT!
HERE'S WHAT YOU WILL NEED IF YOU ARE SUCCESFUL; - We'll contact you to let you know you've been successful and ask you to pay a holding deposit (this is equal to 1 weeks' rent).
The holding deposit will be used against your first months rent upon signing for the property.
-You'll need 1 months' rent and a deposit equal to 1 months' rent when you sign up DISCLAIMERS: - Rent for this property may change as we will complete a new valuation at least every six months until the property is let.
This is done to ensure that the rent is 20% less than the current market value. - Images and floorplans are for guidance only.
Floorplans may not be exact and images may be of a similar property and are for illustrative purposes only.
- If you pay a holding deposit then change your mind, fail on referencing or cannot move on the agreed date, Yorkshire Housing may refuse your application and withhold your holding deposit - For properties which have gas, they will be capped at the mains.
You will need to set up an account with your chosen energy supplier then request an uncap from the Yorkshire Housing Gas team. This process can take 2/3 working days.
- We reserve the right to withdraw at any time
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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Area
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FAQ
About Willow House, York, YO19 4AL
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