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281 City Fields

Shared ownership

5 Burkwood View, Wakefield, WF1 4AL

For salenew home
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4 bedroom terraced house

Wonderful 4 bedroom terraced house in the City Fields development. The price advertised represents purchasing a 45% share of the home.

 

About the Development

 

City Fields is a brand new development located on the Outskirts if Wakefield, a busy and thriving community. The development has a range of homes and Sage will be offering a wonderful selection of 4 bedroom homes, great for any growing families or even downsizers. The development has been planned and designed to a high specification and will include a great amount of green spaces.

Located to the north of Wakefield, just a short drive from the city centre and within easy reach of both the …

Features

Bedrooms4
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£106,875

with min. deposit

£5,344

45% Share from
£106,875
Full market price
£237,500
Minimum deposit
£5,344
Monthly rent
£299
Monthly service charge
£47.75
Sage Housing

Sage Housing

Brochures

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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