2 bedroom apartment for sale
2 bedroom apartment, Newmarket Road, CB5 8AA
Share percentage 25%, full price £340,000, £8,500 Min Deposit.
Share percentage 25%, full price £340,000, £8,500 Min Deposit.
Monthly Cost: £1,181
Rent £553,
Service charge £192,
Mortgage £436*
Calculated using a representative rate of 4.74%
Calculate estimated monthly costs
Summary
Don’t miss out – last remaining 2 bedroom Shared Ownership apartments remaining in our current phase at L&Q at Marleigh, Cambridge. Register your interest to find out more!
Description
Don’t miss out – last remaining 2 bedroom Shared Ownership apartments remaining in our current phase at L&Q at Marleigh, Cambridge.Register your interest to find out more!
Prices startfrom £85,000 for a 25% share of a 2 bedroom apartment. Full market value £340,000.
A new phase of 1 & 2 bedroom Shared Ownership apartments is launching soon at L&Q at Marleigh in the beautiful sought after city of Cambridge, just under 3 miles from the city centre meaning residents are close to local amenities whilst surrounded by open green spaces to enjoy.
Available exclusively through L&Q's popular Shared Ownership scheme, these properties are perfect for first time buyers and growing families. These contemporary homes will be finished to a fully inclusive specification at no extra cost, including integrated appliances, flooring and white goods. All homes are also complete with private outdoor space and allocated parking.
Tenure: Leasehold
Length of lease: 990 years
Annual ground rent amount (£): Peppercorn
Ground rent review period: Annual
Annual service charge amount (£): £2,304
Service charge review period: Annual
Council tax band (England, Wales and Scotland): TBC
Prices start from £85,000 for a 25% share of a 2 bedroom apartment. Full market value £340,000.
* Full purchase price: £340,000
* Minimum 25% share value: £85,000
* Minimum deposit: £8,500
* Rent pcm*: £553
About the development
L&Q at Marleigh is perfectly located close to a variety of transport links. The development is situated just a 10 minute cycle away from Cambridge train station with routes into the heart of London taking under an hour*, making it perfectly placed for commuters. For road users, the A14 and M11 are easy accessible leading to the major road networks across the country.
When it comes to leisure and entertainment, the city of Cambridge provides a diverse offering to keep locals entertained. The city provides punting on the River Cam, scenic walks around Cambridge University's Botanic Garden and an excellent network of cycle paths in and around the city.
Marleigh is an evolving new community, providing residents with a plethora of on-site amenities at the recently opened Jubilee Square, including Marleigh Primary Academy, a nursery and community centre. Future amenities include a convenience store, cafe, sports pitches and green open spaces all on the doorstep.
Register your interest
Register your interest to be kept up to date with the latest information on the development.
Please note all applicants are required to register with L&Q for Shared Ownership.
*Images depict L&Q show home photography. Photos are for illustrative purposes only and may not represent a true likeness for the individual units being sold.
Key Features
- Final 2 bed apartments remaining in our current release
- Fully inclusive specification throughout
- Integrated appliances and flooring included as standard
- Just under 3 miles from Cambridge City Centre
- Allocated parking and a private balcony included
- Great location transport links
- Surrounded by open green spaces
- Access to landscaped communal gardens
- Prices start from £85,000 for a 25% share of a 2 bedroom apartment. Full market value £340,000.
Particulars
Tenure: Leasehold
Council Tax Band: Not specified
Property Downloads
Floor PlanVirtual Tour
Map
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 25%, full price £340,000, £8,500 Min Deposit. Calculated using a representative rate of 4.74%
