2 bedroom apartment for sale

Available

Great Northern Road, Cambridge, CB1 2FY

£105,000 · Shared Ownership Resale

Share percentage 25%, full price £420,000, £10,500 Min Deposit.

Available
2 bedrooms
£105,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £420,000, £10,500 Min Deposit.

Monthly Cost: £1,429
Rent £720, Service charge £176, Mortgage £533*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property.
Summary

A fantastic two-bedroom apartment with balcony in Cambridge

Description
Property reference number: 1639094
 
Great Northern Road is a two-bedroom property, located on the top floor of a three storey block, built in 2017 and has an approximate size of 60 sq. meters.
 
Nestled in the heart of Cambridge, this charming two-bedroom apartment offers not only a cozy and comfortable living space but also convenient access to the vibrant town centre. Just a mere ten-minute stroll away, residents can immerse themselves in the rich cultural and intellectual tapestry that Cambridge is renowned for.

Explore picturesque gardens, and awe-inspiring architecture. Indulge in the diverse culinary scene, from quaint cafes to upscale dining options. Enjoy leisurely walks along the tranquil River Cam or partake in punting for a quintessential Cambridge experience. Cultural enthusiasts will appreciate the numerous museums, galleries, and theatres, while shopping enthusiasts can peruse the eclectic boutiques and markets. With its perfect blend of academic allure and cultural richness, this apartment not only provides a comfortable home but also an opportunity to savour the unique charm of life in Cambridge.

Key Features
 
Integrated kitchen appliances 
Private balcony

What happens after I register my interest?
 
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
 
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk  and our team will be able to help you.
 
What is Resale Shared Ownership?
 
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more. 
 
Financial information

Tenure: Leasehold
Remaining lease term: 118 years
Annual ground rent amount: £0
Ground rent review period: No ground rent to pay until final staircasing.
Annual service charge amount: £2,106.96
Service charge review period: Annually
Council tax band: D
 
*Financial information correct as of 15.03.2024
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D

Map
Cambridge Station (0.09 miles) Shelford (3.18 miles) Waterbeach (5.30 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£105,000
Shared Ownership Resale
Estimated Monthly Cost:£1,429
Rent £720
Service Charge £176
Mortgage £533

Share percentage 25%, full price £420,000, £10,500 Min Deposit. Calculated using a representative rate of 4.64%


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.