2 bedroom house for sale
Barley Close, Cambridge Drive, St Ives, PE27 3AJ
Share percentage 50%, full price £280,000, £7,000 Min Deposit.
Share percentage 50%, full price £280,000, £7,000 Min Deposit.
Monthly Cost: £1,059
Rent £252,
Service charge £9,
Mortgage £798*
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 semi-detached house in St Ives, Cambridgeshire is available to purchase through the Shared Ownership Scheme
Description
This 2-bedroom semi-detached house in St Ives, Cambridgeshire is available to purchase through the Shared Ownership scheme.
Full Market Value: £280,000
Share Available: 50%
Monthly Rent: £251.93
Monthly Service Charge: £8.59
Remaining Lease Term:172 years
About the Property
This property is comprised of:
- An entrance porch
- Downstairs WC
- Living room
- Kitchen/Dining room
- Two bedrooms
- Bathroom
- Large garden
It features two allocated car parking spaces.
All main services are connected and there is gas-fired radiator central hearing.
About the Area
St Ives is a market town and civil parish in Cambridgeshire, England. St Ives lies about 5 miles (8 km) east of Huntingdon and 12 miles (19 km) north-west of the city of Cambridge. Historically in Huntingdonshire, St Ives is situated within the non-metropolitan district of Huntingdonshire, which covers a similar area to the historic county of the same name.
There are numerous local amenities in the village, including a range of schools and public houses. The major section of the world's longest guided busway, using all new construction techniques and technology, connects St Ives directly to Cambridge Science Park on the outskirts of Cambridge along the route of a disused railway line. The same buses continue into the centre of Cambridge along regular roads in one direction and continue to Huntingdon in the other direction.
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 50% 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
- 50% Share Available
- 2 Bedrooms
- Allocated parking (2)
- Excellent Location
- 1 mile to St Ives centre
- 5 miles to Huntingdon and train station
- Great Local Amenities
- Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 172 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 50%, full price £280,000, £7,000 Min Deposit. Calculated using a representative rate of 5.26%
