Share percentage 50%, full price £335,000, £8,375 Min Deposit.
Monthly Cost: £1,532
Rent £448,
Service charge £140,
Mortgage £944*
Calculated using a representative rate of 5.15%
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! 1 bedroom first floor apartment in Trumpington, Cambridge, available to purchase through the Shared Ownership Scheme
Description
This 1 bedroom first floor apartment is situated in Trumpington, Cambridge and is available to purchase through the Shared Ownership scheme.
Full Market Value: £335,000
Share Available: 50%
Monthly Rent: £448.01
Monthly Service Charge: £140.38
Remaining Lease Term: 119 years
About the Property
On entering the property, you will be in the entrance hallway, which has two built in storage cupboards and provides access to all rooms. Straight ahead to the left is the open plan kitchen/ dining/ living room. This space benefits from great natural light from both the floor to ceiling window, and the double French doors leading to the private balcony. The kitchen is fitted with: an integrated oven, electric hob, extractor fan, a fridge/freezer and a dishwasher. To the right of this is the bedroom, which is carpeted, spacious and benefits from a floor to ceiling window and a mirrored built in wardrobe. Next to the bedroom is the bathroom, which is fitted with bath and shower facilities, a heated towel rack and has a shelf above the toilet for storage.
The property also comes with an allocated parking space.
About the Area
Trumpington is a village and former civil parish to the south of Cambridge, England, bordering Cherry Hinton, Grantchester, Great Shelford, and Little Shelford. The village is an electoral ward of the City of Cambridge.
The nearby central square is set to become an attractive focal point for the whole development, with proposed neighbourhood facilities incorporating a health centre, library, shops and offices, plus a transport hub which will offer access onto the Cambridgeshire Guided Busway.
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
- 1 Bedroom
- Private Balcony
- Allocated Parking
- Excellent Location
- Under 3 miles to Cambridge City Centre
- Great Local Amenities
- Gas Central Heating
- Features a fridge/freezer and dishwasher
Particulars
Tenure: Leasehold
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan Brochure Energy CertificateVirtual 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 50%, full price £335,000, £8,375 Min Deposit. Calculated using a representative rate of 5.15%
