2 bedroom apartment for sale
Woodpecker Way, CB2 9FB
Share percentage 35%, full price £430,000, £7,525 Min Deposit.
Share percentage 35%, full price £430,000, £7,525 Min Deposit
Monthly Cost: £1,795
Rent £808,
Service charge £149,
Mortgage £838*
Calculated using a representative rate of 5.03%
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, second floor apartment *35% share *Trumpington Meadows, Cambridge *Available to purchase through shared ownership
Description
This 2-bedroom, second floor apartment is situated in Trumpington, Cambridge and is available to purchase through the Shared Ownership scheme.
Full Market Value: £430,000
Share Available: £150,500
Monthly Rent: £807.93
Monthly Service Charge: £148.61
Remaining Lease Term: 116 years
About the Property
The home is comprised of:
An entrance hall with cupboard space
Kitchen/ living room
Lounge/diner with access to the garden
Bedroom 1
Bedroom 2
Bathroom
Private balcony
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.
Cambridge is a university city and the county town of Cambridgeshire, England, on the river Cam approximately 50 miles (80 km) north of London.
It boasts a brilliant public transport system, with a comprehensive bus service that connects you with the entirety of the city and has frequently distributed bus stops. From these, you can pick up various frequent services that run to the centre, train stations and outlying areas.
Cambridge is home to the world-renowned University of Cambridge, which was founded in 1209. The university includes King's College Chapel, Cavendish Laboratory, and the Cambridge University Library, one of the largest legal deposit libraries in the world.
The city's skyline is dominated by several college buildings, along with the spire of the Our Lady and the English Martyrs Church, the chimney of Addenbrooke's Hospital and St John's College Chapel tower. Anglia Ruskin University, evolved from the Cambridge School of Art and the Cambridgeshire College of Arts and Technology, also has its main campus in the city. Addenbrooke's is one of the largest hospitals in the United Kingdom and is a designated regional trauma centre.
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 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.
Disclaimer
The information provided by Domovo, the sales and marketing brand for bpha, is prepared as a general guide only and should not be relied upon as a basis to enter into a legal contract or to commit expenditure. All measurements are approximate. Floorplans are for illustration purposes only. Photographs/CGIs provided are for guidance only and may not reflect items included in the property sale. Any interested party is advised to check the measurements and to consult their own surveyor, solicitor and/or other professionals before committing themselves to any expenditure or other legal commitments.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
Key Features
- 35% Share Available
- 2 Bedrooms
- Allocated parking
- Excellent Location
- 2.2 miles to Cambridge centre
- 2.6 miles to nearest train station with links to London
- Great Local Amenities
- Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 35%, full price £430,000, £7,525 Min Deposit. Calculated using a representative rate of 5.03%
