Share Price £62,000 (from 25% Min. Share)

Full Value £248,000 | £3,100 Min. Deposit

Scheme: Shared Ownership

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Northstowe - 1 bed apartment in Longstanton - Cambridgeshire

place Pathfinder Way, CB24 3DS

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Impressive new development boasting some of the first homes in the town of Northstowe


Eligibility

You are eligible to purchase a Home Reach property in England or Wales if:

  • Your household income does not exceed £80,000 per annum for homes outside of London (£90,000 in London)
  • You have a deposit (at least 5% of the share value)
  • You are a first-time buyer or used to own a home, but cannot afford to buy outright now
  • The shared ownership property will be your principle and only home

You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs





Description

The impressive new development boasts some of the first homes in the exciting new town of Northstowe, eight miles from Cambridge and within easy reach of the Cambridgeshire Guided Busway. With shops, local services, health, education and leisure facilities, Northstowe will be a complete community with a network of cycling and walking routes, plus a new link road connecting the town centre to the A14.

Service charge outlined on this portal is heylo’s admin and building insurance fee. Estate and Service charge fees (if applicable) are available from the sales team on site.


Key Features

1-bedroom apartments available

  • A self contained studio apartment
  • Open plan kitchen, dining and sitting room
  • Fitted kitchen with integrated appliances
  • Integrated dishwasher
  • Bathroom with stylish downlighters
  • Stylish white bathroom suite
  • En suite and built-in wardrobe to main bedroom
  • Allocated parking included

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots please speak to a sales advisor for more information**

Incentive
Up to £2,500 towards legal fees

Terms and Conditions
Available on selected plots and new reservations within the month of January 2020. This offer cannot be used in conjunction with any other offer or discount. This offer must be clearly noted on the reservation form and cannot exceed 5% of the share value purchased. There is no cash alternative available, this offer will be deducted from your completion statement.


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Calculate Monthly Cost

Share price
£ 62,000
Min. £62,000
Share percentage
Min. 25%
Your deposit
Min. £3,100
Monthly cost*
£827
Cost breakdown
£426
Rent
£100
Service charge
£301
Mortgage*
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.