2 bedroom apartment for sale
Great High Ground, PE19 6GP
Share percentage 40%, full price £185,000, £3,700 Min Deposit.
Share percentage 40%, full price £185,000, £3,700 Min Deposit.
Monthly Cost: £829
Rent £286,
Service charge £121,
Mortgage £422*
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 third floor apartment in St Neots, Cambridgeshire is available to purchase through the Shared Ownership Scheme
Description
This 2-bedroom third floor apartment in St Neots, Cambridgeshire is available to purchase through the Shared Ownership scheme.
Full Market Value: £185,000
Share Available: 40%
Monthly Rent: £286.27
Monthly Service Charge: £121.12
Remaining Lease Term: 85 years
About the Property
This property is comprised of:
- An entrance hallway
- Two built-in storage cupboards
- Living room/diner
- Kitchen
- Two bedrooms
- Bathroom
It features an allocated car parking space.
All main services are connected and there is gas-fired radiator central hearing.
About the Area
St Neots is a town and civil parish in the county of Cambridgeshire, England, within the historic county of Huntingdonshire, next to the Bedfordshire county border. It lies on the banks of the River Great Ouse in the Huntingdonshire District, 15 miles of Cambridge. St Neots is the largest town in Cambridgeshire with a population of approximately 40,000 in 2014.
The town has many excellent amenities to offer including a popular bowling alley, a town centre, supermarkets including Waitrose and a Tesco Express. The town also offers multiple outdoor spaces including parks and play areas. The Great River Ouse and the Fox Brook river run nearby the town, and the A1 and A428 are conveniently located nearby, as well as St Neots Train Station providing excellent transport links to nearby towns, Cambridge, London and beyond. St Neots has a rugby ground and football club for all ages.
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
- Excellent Location
- 1 mile to St Neots centre
- Very close to St Neots train station
- Great Local Amenities
- Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 85 years
Council Tax Band: B
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 £185,000, £3,700 Min Deposit. Calculated using a representative rate of 5.26%
