Share percentage 45%, full price £255,000, £5,738 Min Deposit.
Monthly Cost: £1,074
Rent £321,
Service charge £106,
Mortgage £647*
Calculated using a representative rate of 5.15%
Calculate estimated monthly costs
Summary
Two bedroom apartment, available to purchase through the Shared Ownership scheme
Description
AVAILABLE NOW
Built by Taylor Wimpey and offered for Shared Ownership sale through Domovo, we have a selection of two bedroom apartments available at the Cambourne West development in Cambourne, Cambridgeshire.
This stunning development has been carefully planned to make the most of the timeless local landscape.
Expansive green open spaces are crafted throughout the development with village ponds and beautiful landscaping. All of this only a short walk from Cambourne's village centre, lined with a charming assortment of restaurants and cafés, all offering their own unique individuality and preserved by a passionate local community.
About the property
A two bedroom apartment includes the following features:
- En-suite bathroom
- A high specification kitchen with built in oven, hob & cooker hood
- Flooring provided throughout
- Gas central heating
- Balcony
- One parking space
- Electric vehicle charging point
Initial shares available to purchase between 25%-75%* (*Your application will be affordability assessed to determine what share you can afford to buy).
Price is £114,750 for a 45% share (Based on full market value of £255,000)
*CGI GUIDE ONLY
*Service charge - £106.47 (Estimate only)
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 up to 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.
Particulars
Tenure: Leasehold
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document 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 45%, full price £255,000, £5,738 Min Deposit. Calculated using a representative rate of 5.15%
