2 bedroom apartment for sale
Chieftain Way, Cambridge, CB4 2EY
Share percentage 50%, full price £320,000, £8,000 Min Deposit.
Share percentage 50%, full price £320,000, £8,000 Min Deposit.
Monthly Cost: £1,238
Rent £336,
Service charge £79,
Mortgage £823*
Calculated using a representative rate of 4.24%
Calculate estimated monthly costs
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.
Summary
Available Now: 2 bedroom apartment in Cambridge, Cambridgeshire, available to purchase through the Shared Ownership Scheme
Description
This 2 bedroom apartment is situated in Cambridge, Cambridgeshire, and is available to purchase through the Shared Ownership scheme.
Full Market Value: £320,000
Share Available: £160,000
Monthly Rent: £335.63
Monthly Service Charge: £79.20
Remaining Lease Term: 85 years
About the Property
As you enter the property you will be in the entrance hallway, with two cupboards to the left, and access to all rooms. The fully fitted kitchen sits to the right, featuring an oven with gas hobs, and lots of cupboard space. The master bedroom is to the left, with the second bedroom behind the kitchen. The spacious living room/diner neighbours the master bedroom, and features sliding french doors out into the garden.
The garden is south facing and features a patio area with a bench, as well as a lawn area with lots of shrubbery. There is a gate enabling direct access to the property through the garden.
The allocated car parking space sits just outside the kitchen. There is also a bike shed to the rear of the building.
All main services are connected and the property benefits from a good energy rating of B.
About the Area
Cambridge is auniversity cityand thecounty townofCambridgeshire,England, approximately 50 miles (80km) north of London.
The immediate local area benefits from great amenities such as a Tesco Express, cafes, restaurants, schools, a kids club, parks, a beauty salon, a sport and leisure centre, and more.
Cambridge boasts a brilliant public transport system, with a comprehensive busservice 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.
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
- 50% Share Available
- 2 Bedrooms
- Private Garden to Rear
- Allocated Parking
- Less than 5 miles to City Centre
- Great Local Amenities
Particulars
Tenure: Leasehold
Council Tax Band: C
Property Downloads
Floor Plan Brochure Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £320,000, £8,000 Min Deposit. Calculated using a representative rate of 4.24%
