Share Price £145,000 (from 50% Min. Share)

Full Value £290,000 | £7,250 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Cambridge - Cambridgeshire

place Pagram Way, Orchard Park, CB4 2XD

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Two Bedroom Apartment in Cambridge available through the Shared Ownership scheme


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.

 


Description

This two bedroom second floor apartment is situated in Cambridge, Cambridgeshire and is available to purchase through the Shared Ownership scheme.

Full Market Value: £290,000

Share Available: 50%

Monthly Rent: £244.42

Monthly Service Charge: £81.56

 

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

Second Floor: Entrance Hall, Kitchen, Lounge, Two Bedrooms and Bathroom.

Outside: Allocated Parking Space.

 

Local Information

Cambridge is a university city and the county town of Cambridgeshire, England, on the River Cam approximately 50 miles (80 km) north of London.

Cambridge boasts a brilliant public transport system, with a comprehensive bus service that connects you with the entirety of the City with bus stops frequently distributed. From these, you can pick up various frequent services that run to the centre, train stations and outlying areas.

Cambridge is home to the world-renowned University of Cambridge, which was founded in 1209. The university includes King's College Chapel, Cavendish Laboratory, and the Cambridge University Library, one of the largest legal deposit libraries in the world.

The city's skyline is dominated by several college buildings, along with the spire of the Our Lady and the English Martyrs Church, the chimney of Addenbrooke's Hospital and St John's College Chapel tower. Anglia Ruskin University, evolved from the Cambridge School of Art and the Cambridgeshire College of Arts and Technology, also has its main campus in the city. Addenbrooke's is one of the largest hospitals in the United Kingdom and is a designated regional trauma centre.

 

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
  • Gas Central Heating

Download Documents

Link to the floor plan Energy Certificate
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Calculate Monthly Cost

Share price
£ 145,000
Min. £145,000
Share percentage
Min. 50%
Your deposit
Min. £7,250
Monthly cost*
£1,049
Cost breakdown
£244
Rent
£82
Service charge
£723
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.