Rent Now Buy Later
5H Navigation Drive, Apperley Bridge, Bradford, BD10 0LW
 
 
 
Rent now, buy later.
Move into this house without getting a mortgage. With a £5,000 deposit you could be in within a week!
This is how it works
The purchase price is £224,950 and is fixed for 4 years.
You’ll need to pay a minimum deposit of £5,000 which goes towards your purchase
In Year One:
The normal rent is £750 per month for the first year.
Each month you pay an additional £150 “top up” towards your deposit.
In total you pay £900 per month.
For the first year we’ll match your top up of £150 per month which will also go towards your deposit
So at the end of year one
Purchase price of £224,950
- £5,000 deposit paid
- £1,800 (extra top up you have paid)
- £1,800 (extra top up we have paid)
At the end of year one you will have saved £8,600
At the end of year two you will have saved £10,400
At the end of year three you will have saved £12,200
At the end of year four you will have saved £14,000
So by then you’ll have saved up a deposit of £8,280 (6%)
Any improvements you make to the property you get the benefit.
If the value of the property has increased you also get the benefit.
Now let’s have a look if you pay a bigger deposit and £100 more per month.
£224,950
- £10,000 deposit paid
- £3,000 (extra top up you have paid)
- £3,000 (extra top up we have paid)
At the end of year one you will have saved £16,000
At the end of year two you will have saved £19,000
At the end of year three you will have saved £22,000
During that time you have saved up a deposit of £25,000 (10%)
The more you pay the quicker and bigger your deposit grows.
No mortgage is required until you buy in 2015 (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!
If the value of the property has increased you also get the benefit.
So if the value of the property at the end of year three is £250,000, you still only pay £224,950 giving you an additional £25,000 equity and deposit!
So in the two examples above you’ll have saved £33,000 (15%) and £50,000 (20%) deposit.
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 2015, or sooner.
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 property:
3 BED DUPLEX APARTMENT WITH GARAGE AND PARKING SPACE. STUNNING 27' LOUNGE/DINER WITH BALCONY OVERLOOKING COMMUNAL GARDENS, CANAL AND FIELDS BEYOND.
This superb luxury duplex apartment is situated on a select executive style development by Redrow and has a high quality spec and finish with many appealing and attractive features - UPVC sealed unit double glazing and Economy 7 heating - well proportioned accommodation on two floors - fitted wardrobes and luxury en-suite shower room and modern white three piece bathroom/WC - substantial lounge/diner with French doors to balcony - Copeland Pear fitted kitchen with black twilight working surfaces and stainless steel oven, hob and extractor - communal gardens, Garage and parking space.
LOCATION
The property is situated in a popular private residential area of a similar style properties in Apperley Bridge. This area is located between Rawdon and Greengates. The cities of Leeds, Bradford and Harrogate along with the airport and motorway network are easily accessible from here. There are local pubs and eateries close by and the neighbouring villages of Horsforth and Yeadon offer an abundance of shops, banks and supermarkets. This home really would make an ideal purchase for professionals or families wanting to live in a popular modern settling with most conveniences only a short distance away.
GROUND FLOOR
Communal entrance door and communal staircase leading up to...
SECOND FLOOR
Private entrance door leading into...
ENTRANCE HALLWAY:
Doors leading into...
BEDROOM ONE
4.85m (15'11'') x 3.3m (10'10'')
Double bedroom with fitted modern range of birch effect wardrobes providing useful hanging and storage space. Storage heater. UPVC sealed unit double glazed windows to front elevation. Door leading into...
EN-SUITE SHOWER ROOM
2.59m(8'6'') x 1.57m(5'2'')
Fitted with a three piece suite in white comprising pedestal wash hand basin, low flush WC and shower cubicel. UPVC sealed unit double glazed window to side elevation.
BEDROOM TWO
4.45m(14'7') x 3.43m(11'3'')
Good sized second bedroom with storage heater and UPVC sealed unit double glazed windows to side elevation.
BEDROOM THREE
3.30m(10'10'') x 3.28m(10'9'')
Storage heater. UPVC sealed unit double glazed window to front elevation.
HOUSE BATHROOM
2.11(6'11'') x 1.88m(6'2'')
Fitted in a three piece suite in white comprising bath and shower attachment over, pedestal wash basin and low flush WC. Extractor fan.
Staircase with under stairs storage cupboard leading up to...
THIRD FLOOR
Door leading into...
LOUNGE/DINER
8.46m(27'9'') x 6.15m(20'2'')
Extremely spacious room with storage heater and uPVC sealed unit double glazed roof lights and french doors leading out to balcony. Open through into...
KITCHEN
3.91m(12'10'') x 3.25m(10'8'')
Fitted in a modern range of copeland pear wall, base and drawer units with black twilight working surfaces. Integrated stainless steel electric four ring hob, oven and extractor hood over. Stainless steel sink and side drainer with matching mixer taps. Plumbing for automatic washing machine and diswasher. Complementary splash back tiling.
OUTSIDE
Communal gardens, parking and single attached garage with up and over door.
LEASEHOLD AND RELATED CHARGES
The property is leasehold and therefore carries an annual charge for maintenance/ground rent.
For more details contact us
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