From £568 per month with shared ownership*
Designed with modern living in mind, Elm Tree Park is a brand new development located on the edge of Wakefield, West Yorkshire.
Three-bedroom semi-detached homes that boast impressive spaces and modern conveniences perfect for today’s style of living.
Modern homes with a great specification included as standard, all available from £568 per month* with shared ownership.
To the ground floor you’ll find a well-equipped kitchen/diner and downstairs toilet. From the kitchen is a large lounge area with French doors that open graciously onto the property’s rear garden.
To the upstairs you’ll find a master bedroom complete with its own storage cupboard, a family bathroom followed by two other bedrooms. These homes are both stylish and practical, perfect for the modern family.
Our modern homes at Elm Tree Park are offered to you under shared ownership.
*The above mortgage example is based on a mortgage of £89,250, which is a 50% share of the original purchase price of £178,500, and subject to a 5% deposit of £4,462. On a two year fixed rate (3.19%) with a monthly payment £335.36 per month over two years. Rent and service charges also apply. This is an indicative cost and rates are subject to change. Terms and conditions apply. The shared ownership scheme is only open to first-time buyers, or those who used to own a home but can no longer afford one.
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A collection of brand new, modern shared ownership homes
Surrounded by everything you could want and more, Elm Tree Park provides you the convenience of being close to the city whilst also giving you the chance to easily escape to the beautiful surroundings of the Peak District or the Yorkshire Dales.
The location makes it perfect for growing families with a fantastic choice of schools nearby. For children in primary school there’s Snapethorpe Primary school just a few minutes’ walk away and English Martyrs Catholic Primary School and South Parade Primary nearby too. For older children, there’s Horbury Academy or Cathedral Academy for you to choose from, both quick and easy to get too.
With Leeds, Sheffield and Manchester all within an hour or so drive, you’ll have many options when it comes to exploring nearby cities.
Shared ownership is a great way to get onto the housing ladder if you can't afford the full purchase price of your home straight away.
With shared ownership you purchase an initial share of your home, between 25% and 75% of the property’s value and then pay a rent on the remaining share. It’s a simple and cost effective way of owning your own home.
Even better, because you are buying a share of the property the deposit you need to have saved is smaller too.
If you wish to in the future you can decide to buy further shares in your home in stages or all at once, this is called staircasing.
You can apply to buy with shared ownership if:
This will vary depending on your circumstances. An Independent Financial Advisor will carry out a financial assessment and affordability calculator to determine the exact share you can afford to buy. They will also carry out a basic affordability check with the most appropriate lender, to ensure you are able to secure a mortgage to assist with your purchase.
Absolutely. You can choose to increase the amount you own gradually, until you own 100%. The cost of the additional shares will depend on the current market value of your home at the time you wish to buy more. By doing this you reduce the rent you are paying as you buy more of the home.
You will have a shared ownership lease which tells you your rights and responsibilities which include being responsible for the maintenance and repairs on your home as well as paying your rent, service charges and your mortgage payments.
Contact our Sales Team at your nearest development who’ll talk you though the scheme, answer any questions you may have and even help you to purchase a beautiful new home.