1 bedroom apartment for sale

Available

Northcroft House, Nine Wells Road, CB2 9FF

£150,000 · Shared Ownership Resale

Share percentage 50%, full price £300,000, £7,500 Min Deposit.

Available
1 bedroom
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£150,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £300,000, £7,500 Min Deposit.

Monthly Cost: £1,309
Rent £432, Service charge £130, Mortgage £747*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.

 

Summary

One Bedroom Apartment in Trumpington available to purchase through the Shared Ownership scheme

Description

This one bedroom third floor apartment is situated in the highly sought after town of Trumpington and is available to purchase through the Shared Ownership scheme.

Full Market Value: £300,000
Share Available: 50%
Monthly Rent: £431.95
Monthly Service Charge: £130.01

All applicants will need to be registered and approved by Help to Buy - this can be done on their website 'Help to Buy Agent 3'.


About the Property

The Apartment comprises: Entrance Hall, Lounge/Kitchen, One Bedroom and Bathroom.

Outside: Communal areas.


Local Information

The property is situated nearby a host of local amenities, including multiple schools and eating establishments.

Trumpington is a village and former civil parish on the outskirts of Cambridge, England, on the southwest side of the city bordering Cherry Hinton to the east, Grantchester to the west and Great Shelford and Little Shelford to the southeast. The village is an electoral ward of the City of Cambridge.

The nearby central square is set to become an attractive focal point for the whole development, with proposed neighbourhood facilities incorporating a health centre, library, shops and offices, plus a transport hub which will offer access onto the Cambridgeshire Guided Busway.


Shared Ownership, how does it work?

If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting. This property has a 50% share available to purchase, and you will pay a subsidised rent on the remaining share, as displayed above.

In the future you can purchase further shares in your home** or sell your share and move on.

*Properties are offered as leasehold.

**Some properties are restricted to the level of share you can purchase.


Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.

All applicants will need to be approved by Help to Buy at their website.

Key Features
  • Available Now
  • Shared Ownership
  • 50% Share Available
Property Downloads
Floor Plan Energy Certificate
Map
Cambridge Station (1.31 miles) Shelford (2.12 miles) Foxton (4.91 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£150,000
Shared Ownership Resale
Estimated Monthly Cost:£1,309
Rent £432
Service Charge £130
Mortgage £747

Share percentage 50%, full price £300,000, £7,500 Min Deposit. Calculated using a representative rate of 3.94%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.