2 bedroom apartment for sale
Renard Way, CB2 9FZ
Share percentage 40%, full price £425,000, £8,500 Min Deposit.
Share percentage 40%, full price £425,000, £8,500 Min Deposit.
Monthly Cost: £1,758
Rent £659,
Service charge £130,
Mortgage £969*
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 first floor apartment in Trumpington Meadows, Cambridge is available to purchase through the Shared Ownership Scheme
Description
This 2-bedroom first floor apartment is situated in Trumpington Meadows, Cambridge and is available to purchase through the Shared Ownership scheme.
Full Market Value: £425,000
Share Available: 40%
Monthly Rent: £659.30
Monthly Service Charge: £130.17
Remaining Lease Term: 120 years
About the Property
As you enter the property you will be in the entrance hallway, with two built-in cupboards on the right. The master bedroom is on your left, followed by the second bedroom. Both bedrooms are a good size, and feature carpeting and a large window allowing excellent natural light. Currently one of the bedrooms is set up as a living room. The bathroom is on the right and benefits from a three-piece suite, including a bath with shower facilities. At the end of the hallway is the kitchen/living room. The kitchen area lines the wall to your right, with plenty of cupboard and counter space, housing for appliances such as washing machine/dishwasher, and an integrated over with gas hobs and overhead extractor hood. The living space is a good size and features several windows, and a glass door leading out to the private balcony. The balcony is a great size and looks over the neighbouring meadows.
Externally, there is one allocated parking space.
About the Area
Trumpington is a village and former civil parish on the outskirts 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 40% 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.
Key Features
- 40% Share Available
- 2 Bedrooms
- Allocated parking (1)
- Excellent Location
- 2 miles to Cambridge centre
- Great Local Amenities
- Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 120 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 40%, full price £425,000, £8,500 Min Deposit. Calculated using a representative rate of 5.26%
