Rent Now Buy Later

48 Aviary Grove, Armley, LS12 2NU

Rent now, buy later.

Move into this house without getting a mortgage. With a small deposit you could be in within a week!

This is how it works

The purchase price is £66,000

Example deposit of £3,000 (5% of purchase price)

The normal rent is £400 per month.

Each month you pay an additional £80 “top up” towards your deposit.

In total you pay £480 per month.

For the first year, each month we match your “top up” of £80 which again goes towards your deposit.

End of year one

£66,000

-£3,000 deposit paid

-£960 (extra you have paid)

-£960 (extra we have paid)

At the end of year one you would owe £61,080

At the end of year two you would owe £60,120

At the end of year three you would owe £59,160

During that time you've saved up a deposit of £6,840 (10.4%)

Any improvements you make to the property you get the benefit.

If the value of the property has increased you also get the benefit.

No mortgage is required until you buy in 2012. (but you can buy at any time)

Price growth and rent deposit payments provide your deposit.

The purchase price is fixed at the outset. You gain from any price growth!

Redecorate, carry out home DIY - YOU benefit from any added value by enhancing YOUR home

This is not a shared ownership or Housing Association scheme

You can move into your new home in as little as 7 days!

Legally approved solicitor contracts.

We can help you get advice on your mortgage in 2012, or sooner, with your deposit fund.

Move in, and buy later - or walk away! You do not have to buy if you change your mind.

Perfect if you are either;

- A first time buyer struggling to get onto the housing market

- Struggling to raise a large deposit

- Currently renting but want to own your own home

- Have impaired credit and can't raise finance

- Have recently moved to the UK

About the house

Ideal for the professional single or couple is this charming back to back end terrace offering modern unfurnished accommodation including modern kitchen with integrated oven and hob, and fridge. The accommodation comprises an open plan living/kitchen area, cellar, double bedroom and bathroom.

Ground Floor

Living Kitchen

16'6" x 14'1" max (5.03m x 4.30m)

Fitted with base and wall level storage units, laminate work surfaces with tiled splash backs and stainless steel sink, and including built in electric oven and integral 4 ring electric hob, with fridge.  Open tiled fire place. PVCu window to front elevation.  Access to storage cellar.

First Floor

Bedroom

14'4" x 13'8" (4.37m x 4.17m)

Fitted with storage cupboards.  PVCu window to front elevation.

Bathroom

Fitted with a white suite comprising low level WC, pedestal hand wash basin and a panel enclosed bath with electric shower.  PVCu window to front elevation.

Unfurnished

Location

Aviary Grove is ideally located for access to Leeds City Centre and surrounding suburbs by car or public transport.  Armley town centre is within walking distance offering many local shops, banks and services.

On street parking

If you require any further details on this property, please do not hesitate to contact me.