2 bedroom house for sale
Ridgeway, Cambridge, CB23 3RW
Share percentage 40%, full price £275,000, £5,500 Min Deposit.
Share percentage 40%, full price £275,000, £5,500 Min Deposit.
Monthly Cost: £954
Rent £297,
Service charge £30,
Mortgage £627*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Cambridge, Cambridgeshire
Description
This modern and spacious two-bedroom semi-detached house is available for sale through the Shared Ownership Scheme.
The property comprises a spacious living, a separate kitchen, two bedrooms, a bathroom, a garden space with a shed, and allocated parking. This property could be perfect for couples or a small family.
Available for £110,000 for 40% share based on the marketing figure of £275,000.
Monthly rent - £296.95
Monthly Service Charge - £29.92
Total Monthly Charge - £326.87 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property is in Cambridge, with various cultural restaurants and takeaways within a 10-minute drive from the apartment. M11 is the closest motorway via the A428 from the property.
There are multiple serene parks and museums within a 15-minute drive from the property, such as the Cromwell and St Neots Museum. Cambridge University is a 30-minute drive away from the property, which is perfect for families with higher educated children interested in learning.
EPC ratingEnergy rating band - C
Environmental impact band - C
Gross internal floor area: 92 m²
Living room: 5.13 x 3.53 m
Kitchen: 2.92x 2.54 m
Bedroom 1: 5.05 x 3.15 m
Bedroom 2: 3.58x 2.87 m
Years remaining on lease: 115
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom House
- Garden with a shed
- Allocated parking space
- Close to Cambridge
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 40%, full price £275,000, £5,500 Min Deposit. Calculated using a representative rate of 5.26%
