Share Price £96,250 (from 25% Min. Share)

Full Value £385,000 | £4,813 Min. Deposit

Scheme: Shared Ownership

Under offer

Aura 8a & 8b - 2 bed apartment in Cambridge - Cambridgeshire

place Hering Road, CB2 9GW

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Domovo

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SSTC - Two bedroom apartment in Cambridge, available to purchase through the Shared Ownership scheme


Description

THIS PLOT IS SSTC

Built by Countryside and offered for Shared Ownership sale through Domovo, this two bedroom Shared Ownership apartment is based at the brand new Aura Development in Trumpington, Cambridge.

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

**The monthly Service Charge shown is an estimate.


Price is shown for a 25% share
*Please be advised that the virtual tour and the imagery used is from our show home at this development. This property comes unfurnished upon purchase.


About the Property

The two bedroom apartment includes the following features:
- A high specification kitchen, with a built in oven, hob & extractor fan, and a Fridge Freezer.
- Flooring is provided throughout
- Gas to radiator central heating
- Balcony
- Off road parking


Local Information

The local village of Trumpington, a 5 minute walk from the site, is home to a large Waitrose supermarket, with park and ride facilities as well as a high street with a wide variety of coffee shops and restaurants.

Aura is situated off the popular Long Road in Trumpington which lies approximately 4 miles south of historic Cambridge City Centre, whereas the M11 motorway is approximately a 10 minute drive from this well located development.


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.


Key Features

- A high specification kitchen, with a built in oven, hob & extractor fan, and a Fridge Freezer.
- Flooring is provided throughout
- Gas to radiator central heating
- Balcony
- Off road parking

Take a virtual tour of our show home (plot 65) at Aura here: https://www.vieweet.com/iframe/HTEWTZT


Download Documents

Link to the floor plan Energy Certificate
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Calculate Monthly Cost

Share price
£ 96,250
Min. £96,250
Share percentage
Min. 25%
Your deposit
Min. £4,813
Monthly cost*
£1,247
Cost breakdown
£662
Rent
£120
Service charge
£465
Mortgage*
Calculated using a representative rate of 3.64%
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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.