Share percentage 35%, full price £275,000, £4,813 Min Deposit.
Monthly Cost: £999
Rent £410,
Service charge £41,
Mortgage £548*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
AVAILABLE NOW - Two bedroom terrace house, available to purchase through the Shared Ownership scheme
Description
AVAILABLE NOW
Built by Urban and Civic and offered for sale by Domovo through the Shared Ownership scheme, we have a singular two bedroom mid terrace home at the highly sought after Alconbury Weald Development in Alconbury, Huntingdonshire.
About the property
A two bedroom mid terrace house includes the following features:
- A high specification kitchen with built in oven, induction hob & cooker hood
- Dishwasher, Washer dryer, and Fridge freezer provided
- Flooring provided throughout
- Gas central heating
- Private garden
- One car parking space
Initial shares available to purchase between 25%-75%* (*Your application will be affordability assessed to determine what share you can afford to buy).
Price shown is for a 35% share -£96,250 (Based on a full market value of £275,000)
*Service Charges estimated at £41.08 per month
Local Information
Alconbury is a village in Cambridgeshire and is located 5 miles north west of Huntingdon.
Alconbury Weald offers a range of community facilities, woodlands, parks and play areas, linked by footpaths and cycleways, and also with direct access to the A14 and A1 offering excellent transport links to Cambridgeshire and beyond.
(Source - Urban and Civic Alconbury Weald brochure)
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
Lease Length: 125 years
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 35%, full price £275,000, £4,813 Min Deposit. Calculated using a representative rate of 5.26%
