Share Price £33,750 (from 25% Min. Share)

Full Value £135,000 | £1,688 Min. Deposit

Scheme: Shared Ownership Resales

check_circle Available now

1 bedroom apartment in St Neots - Cambridgeshire

place Loves Way, Loves Farm, PE19 6AX

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One Bedroom Apartment in St Neots due to become available through the Shared Ownership scheme


Description

This one bedroom apartment in St Neots, Cambridgeshire is available to purchase through the Shared Ownership scheme.

Full Market Value: £135,000
Estimated Monthly Service Charge:£76.39

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'.

Local Information

St Neots is a town and civil parish in the non-metropolitan county of Cambridgeshire, England, within the historic county of Huntingdonshire, next to the Bedfordshire county border. It lies on the banks of the River Great Ouse in the Huntingdonshire District, 15 miles (24km) west of Cambridge and 50 miles (80km) north of central London. St Neots is the largest town in Cambridgeshire with a population of approximately 40,000 in 2014. The town is named after the Cornish monk Saint Neot, whose bones were subject to translation from the hamlet of St Neot on Bodmin Moor on consecration of the Priory of St Neots circa 980.

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. Initial shares of between 25% and 75%** of our properties are available, you will pay a subsidised rent on the remaining share.

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


*Properties are offered as leasehold.

**Shares offered are based on business need.

***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 registered and approved by Help to Buy at their website.

Service charge amount is an estimate and is liable to change.


Key Features

  • Available Now
  • Shared Ownership
  • Shares available between 25%-75%
  • Double Glazing

Download Documents

Link to the floor plan Energy Certificate
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Calculate Monthly Cost

Share price
£ 33,750
Min. £33,750
Share percentage
Min. 25%
Your deposit
Min. £1,688
Monthly cost*
£476
Cost breakdown
£232
Rent
£76
Service charge
£168
Mortgage*
Calculated using a representative rate of 3.94%
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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.