You may be eligible for this property if:
- You are 55 or over.
- 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 Hauxton, Cambridge, available to purchase through the Shared Ownership Scheme
Description
This 2 bedroom apartment is situated in Hauxton, Cambridge, and is available to purchase through the Shared Ownership scheme.
Full Market Value: £366,666
Share Available: 75%
Monthly Service Charge: £491.37
Weekly Core Care Charge: £16.90
Remaining Lease Term: 121 years
About the Property
As you enter the property, you will be in the spacious entrance hallway, with access to all rooms. To the right, is the open plan living room and kitchen/diner, benefitting from excellent natural light from the floor to ceiling windows, and the french door leading to the balcony. The kitchen features a raised integrated oven, and separate electric hobs with extractor hood. There is plenty of counter and cupboard space in the modern style white gloss cabinets. The spacious master bedroom is on the left side of the property and also benefits from large floor to ceiling windows. The bathroom features a level access shower, a heated towel rack, and can be accessed by jack and jill doors from the hallway and the master bedroom. The second bedroom is next to the master bedroom and overlooks the balcony.
About the Area
Hauxton is a small village in Cambridgeshire, England around 5 miles to the south-west of Cambridge. The village is home to a church, a village hall, a health food shop, and a couple of open green spaces.
Only a short drive away is the city of Cambridge, benefitting from a brilliant public transportation 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.
Shared Ownership for the over 55's - How does it work?
Whether you are retired, planning for your future or downsizing, where you live and quality of life is important. Oxlip House provides you with the privacy of your own apartment but with the sense of community.
You buy a share in your home (50% or 75%) with the remaining share owned by bpha. There is no rent to pay on a 75% purchase. This property has a 75% share available to purchase.
In the future, you can simply sell your share for its value at the time of sale (current market valuation required).
To qualify for the property, applicants will be required to have a sale agreed on their current property (if applicable) and have to be approved by Help to Buy East and South East, pass the necessary checks, and be over the age of 55.
The association will carry out an affordability assessment on any interested applicants and this will also be subject to care assessment.
Please note, applicants individual care needs will be assessed once an application has been made, however any potential purchaser will be required to pay for tailored care, with the amount confirmed by the care provider, in addition to the charges stated above.
*Fee Applies
Key Features
- 75% Share Available
- Fitted Elise gloss white kitchen with built-in Zanussi single oven, hob and extractor hood
- Wood effect luxury vinyl flooring to kitchen/lounge/living and hallway
- Open plan lounge/living area with balcony
- Central Heating and Double-glazing throughout
- Communal areas and lift access
- Excellent location
Particulars
Tenure: Leasehold
Council Tax Band: B
