2 bedroom apartment for sale

Available

4 Musgrave Drive, CB2 0AQ

£123,000 · Shared Ownership Resale

Share percentage 30%, full price £410,000, £6,150 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
£123,000 Shared Ownership Resale

Share percentage 30%, full price £410,000, £6,150 Min Deposit.

Monthly Cost: £1,464
Rent £600, Service charge £232, Mortgage £632*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

£
Summary

Available Now! 2 bedroom apartment in Cambridge, Cambridgeshire

Description

This 2-bedroom apartment is situated in Cambridge, Cambridgeshire, and is available to purchase through the Shared Ownership scheme.

Full Market Value: £410,000

Share Available: 30%

Monthly Rent: £600.23

Monthly Service Charge: £231.54

Remaining Lease Term: 118 years

About the Property

This property is currently awaiting photography. The property is comprised of:

  • An entrance hallway
  • Master bedroom with en-suite
  • Second bedroom
  • Open plan living room/kitchen
  • Bathroom
  • Veranda area

About the Area

Located near to the centre of Cambridge, this property benefits from its countryside location, with brilliant views towards to Gog Magog Downs. The immediate area includes green spaces with wide foot paths, Addenbrooke’s Hospital, and a new South Railway Station is estimated for 2025.

Cambridge is auniversity cityand thecounty townofCambridgeshire,England, on theRiver Cam approximately 50 miles (80km) north of London.

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.

Cambridge is home to the world-renownedUniversity of Cambridge, which was founded in 1209.The university includesKing's College Chapel,Cavendish Laboratory, and theCambridge 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 theOur Lady and the English Martyrs Church, the chimney ofAddenbrooke's HospitalandSt John's CollegeChapel 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.

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 30% 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
  • 30% Share Available
  • 2 Bedrooms
  • Private Terrace
  • Allocated Parking
  • Excellent Location
  • Great Local Amenities
  • Gas Central Heating
Particulars

Tenure: Leasehold
Council Tax Band: E

Property Downloads
Key Information Document Energy Certificate
Map
Cambridge Station (1.52 miles) Shelford (1.63 miles) Whittlesford Parkway (4.83 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

Read More Read Less
  • 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.

£123,000
Shared Ownership Resale
Estimated Monthly Cost:£1,464
Rent £600
Service Charge £232
Mortgage £632

Share percentage 30%, full price £410,000, £6,150 Min Deposit. Calculated using a representative rate of 4.24%


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.