2-bedroom flat · YO8 9RQ
For saleListed 60 days
Opportunity summary
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About
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.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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