Share Price £107,000 (from 40% Min. Share)

Full Value £267,500 | £5,350 Min. Deposit

Scheme: Shared Ownership

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Meridian Fields - 2 bed apartment in Hardwick - Cambridgeshire

place Jacklin Close, CB23 7EU

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Domovo

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AVAILABLE NOW - A lovely 2 bedroom Shared Ownership FF maisonette available at Meridian Fields located in Hardwick, Cambridgshire


Description

Built by Hill and offered for sale through the Shared Ownership scheme by Domovo, this two bedroom FF maisonette is situated on the Meridian Fields development, in the village of Hardwick, Cambridgeshire. This stunning property is ideal for first time buyers looking to take their first step onto the property ladder.

Initial shares available to purchase between 25-75%*.
*(Your application will be affordability assessed to determine what share you can afford to buy).

**Please be advised that the imagery used is from a similar home at this development. This property only comes furnished with advertised appliances.

Price is shown for a 40% share
*The monthly service charge - £13.81. This is an estimate only.

Buyers must have a local connection to the village of Hardwick to be assessed for this property.

About the Property

The house includes the following features:

- A high specification kitchen, with a built in oven & hob
- Washer/Dryer & fridge/freezer
- Flooring is provided throughout
- Gas central heating system
- Shared garden
- One parking space

Local Information

Hardwick is a village in the county of Cambridegshire, England and is located around 7 miles west of the city of Cambridge. The village of Hardwick has a range of local amenities including a local shop and post office, doctors surgery and a pub. For days out, Cambridge city is only a short drive away. Hardwick is ideally placed for easy access to the A428 and M11.

(Source: Hill & Wikipedia website)


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, with a lease term of 125 years.
** 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.


Download Documents

Link to the floor plan Energy Certificate
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Calculate Monthly Cost

Share price
£ 107,000
Min. £107,000
Share percentage
Min. 40%
Your deposit
Min. £5,350
Monthly cost*
£899
Cost breakdown
£368
Rent
£14
Service charge
£517
Mortgage*
Calculated using a representative rate of 3.64%
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Domovo

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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.