1 bedroom apartment for sale
Pathfinder Way, Northstowe, CB24 1AY
Share percentage 50%, full price £205,000, £5,125 Min Deposit.
Share percentage 50%, full price £205,000, £5,125 Min Deposit
Monthly Cost: £1,063
Rent £368,
Service charge £138,
Mortgage £557*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £205,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This superb modern home is available to buy from as little as £102,500 with a 50% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £102,500 with a 50% share!
Located approximately 8 miles north west of Cambridge City centre is this one bedroom second floor apartment with allocated parking. The well presented accommodation comprises, entrance hall, bathroom, double bedroom with built in wardrobe and an open plan kitchen/living space. The property benefits from a 120 year lease.
Northstowe offers a variety of amenities and convenient transport links, making it a well-connected and practical location. There are several local grocery stores. Cambridge is approximately 20-30 minutes away by car where there is an array of amenities, shops, bars, cafes and restaurants. From Cambridge, travelling to London by train takes approximately 1 hour 15 minutes.
As of June 2025, Northstowe is still in the early stages of development, and many of the planned amenities, including shops, cafés, and other retail facilities, have yet to be established.
PRICING & AFFORDABILITY
Full Market Value: £205,000
50% Share Price: £102,500 (rent £367.82 pcm)
Minimum 5% Mortgage Deposit (50% share): £5,125
Approximate Service Charges: £137.71 pcm*
Lease: 120 years
Key Features
Modern shared ownership home
Second floor apartment
Double bedroom
Open plan kitchen/living space
Allocated parking
Long lease
8 miles from Cambridge City centre
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: B
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
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 50%, full price £205,000, £5,125 Min Deposit. Calculated using a representative rate of 4.78%
