Share Price £136,000 (from 40% Min. Share)

Full Value £340,000 | £6,800 Min. Deposit

Scheme: Shared Ownership

check_circle Available now

2 bedroom house in Meldreth - Cambridgeshire

place Whaddon Road, SG8 5RN

Budget Calculator
Calculate monthly cost help
Sign in to Register Your Interest mail
favorite_outline Save Property

2 Bedroom Bungalow in Meldreth


Eligibility

All applicants must have an up to date completed application with Help to Buy East and South East:www.helptobuyagent3.org.uk

All applicants will be required to complete an initial affordability assessment based on the property value.

This property will be allocated in priority order which will prioritise those who live, work and have a family connection to the area. Any MOD personnel will take first priority.

Applicants must have a connection to SOUTH CAMBRIDGE LOCAL AUTHORITY - this includes either of the following:

Lives in South Cambridge Local Authority
Works in South Cambridge Local Authority
Has immediate family who live in South Cambridge Local Authority

To check your local connection, please enter your postcode, work postcode or family postcode here:https://www.gov.uk/find-local-council


Description

settle are pleased to offer a unique opportunity to purchase a two bedroom bungalow in the idyllic village of Meldreth for shared ownership.

Meldreth is a most desirable and highly sought-after south Cambridgeshire village with its own mainline station providing a commuter service to London and Cambridge. The village also has an excellent range of local amenities including a store/post office, primary school, church and inn. The market town of Royston which offers extensive shopping, schooling and recreational facilities is just 4 miles away and the university city of Cambridge is about 10 miles north.

What's more, with local nature reserve Melwood and the River Mel on your doorstep, there's an abundance of countryside offering an idyllic escape from the city. Or, if the metropolis calls, Cambridge is a cultural hotspot and affords the perfect opportunity to indulge in some retail therapy.

This brand new home will be available for Summer 2021 and available to reserve NOW. Please register your interest and you will be provided with information on how to apply online. Applications will remain open until 25th June 2021 at which point allocations will be made.

PLEASE NOTE: Due to Meldreth being a Designated Protected Area, purchasers will only be to purchase 80% ownership of the property and not staircase out to own 100%. Applicants must also have a local connection to South Cambridgeshire local authority area.


Key Features

  • Level access living
  • Private garden space
  • 1 x allocated parking space
  • Small private development
  • Available through shared ownership
  • White Gloss Kitchen
  • Integrated Double Oven
  • Integrated Hob
  • Integrated chimney hood
  • Flooring throughout
  • Bi-Fold doors to garden from kitchen/living room/diner

Download Documents

Link to the floor plan Property brochure 1 Property price list
Budget Calculator
arrow_backwards Back to 2 bedroom house in Meldreth - Cambridgeshire

Calculate Monthly Cost

Share price
£ 136,000
Min. £136,000
Share percentage
Min. 40%
Your deposit
Min. £6,800
Monthly cost*
£1,186
Cost breakdown
£468
Rent
£40
Service charge
£678
Mortgage*
Calculated using a representative rate of 3.94%
help

Sign in to Register Your Interest mail
favorite_outline Save Property

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.