2 bedroom apartment for sale
Mill View, St. Edmunds Way, CB22 5GA
Share percentage 75%, full price £370,000, £13,875 Min Deposit.
Share percentage 75%, full price £370,000, £13,875 Min Deposit.
Monthly Cost: £2,010
Service charge £429,
Mortgage £1,581*
Calculated using a representative rate of 5.26%
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! 2-bedroom ground floor apartment in Mill View, Hauxton is available to purchase through the Shared Ownership Scheme
Description
This 2-bedroom ground floor apartment is situated in Mill View, Hauxton and is available to purchase through the Shared Ownership scheme.
Full Market Value: £370,000
Share Available: 75%
Monthly Service Charge: £429.49
Remaining Lease Term: 119 years
As this property is for sale at a 75% share, there is no rent payable.
About the Property
As you enter the property you will be in the entrance hallway. To your right, at the end of the hallway, is the bathroom/shower room, with a level access shower, a toilet and sink. There are Jack and Jill doors so the bathroom links to both the hallway and the master bedroom. The master bedroom is an excellent size and is currently set up as a second living room. Adjoining this is the second bedroom, which is also a good size. Both bedrooms feature carpeting, and large floor to ceiling windows, allowing lots of natural light. On the left side end of the hallway is the spacious living room and kitchen. The living room area features large floor to ceiling windows on 2 sides, as well as double french doors leading to the patio. The kitchen features a modern and neutral design, with white cupboards, wood effect counter tops, and light brown tiling. There is an integrated waist height oven, and separate hobs on the counter top, with over head extractor fan. There are two built in cupboards in the hallway.
Within the building there are several communal spaces for the residents to access and make use of, including lounges, a restaurant, landscaped gardens, and a rooftop terrace.
About the Area
Hauxton is a small village in Cambridgeshire, England around 5 miles to the south-west of Cambridge. Hauxton had a 2011 population of 673 and has an organic food shop, a small convenience/grocery store and hair salon (both located on the ground floor of Mill View) and a church. There are more shops and amenities in Great Shelford (approx. 3 miles).
Only a short drive away is the city of Cambridge, benefitting from a brilliant public transportation system, with a comprehensive busservice 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.
To find out more about what Mill View has to offer, click here: https://www.mill-view.co.uk/
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 75% share and there is no rent payment to pay on the remaining share. In the future you can 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.
Key Features
- 75% Share Available
- 2 Bedrooms
- Communal landscaped Garden
- Rooftop terrace
- Excellent Location
- 3 miles to Cambridge centre and train station
- Great Local Amenities
- Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan 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 75%, full price £370,000, £13,875 Min Deposit. Calculated using a representative rate of 5.26%
