2 bedroom apartment for sale
Hering Road, Trumpington, CB2 9GW
Share percentage 25%, full price £450,000, £5,625 Min Deposit.
Share percentage 25%, full price £450,000, £5,625 Min Deposit
Monthly Cost: £1,599
Rent £831,
Service charge £157,
Mortgage £611*
Calculated using a representative rate of 4.78%
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 ground floor apartment in Trumpington, Cambridge *available to purchase through the Shared Ownership Scheme
Description
This 2 Bedroom ground floor apartment is situated in Trumpington, Cambridge and is available to purchase through the Shared Ownership scheme.
Full Market Value: £450,000
Share Available: £112,500
Monthly Rent: £830.53
Monthly Service Charge: £157.38
Remaining Lease Term: 120
About the Property
Communal Entrance - With lift and stairs access to the top floor, rear door leading to the shared landscaped gardens and access to the secure car park
Entrance Hall - With solid, wood effect flooring, spacious storage cupboards and access to all living spaces.
Sitting Room/Kitchen/Diner - With wood effect flooring, LED spotlights in the Kitchen area and LED downlighters in the sitting room. Large, double-glazed window in the sitting area and outward opening door access to the private terrace. The Kitchen features a bright window and benefits from a built-in fan oven, fridge freezer and extractor fan. The worktop features the built-in hobs, a stainless-steel sink and hot and cold mixer tap, as well as a draining board.
Master Bedroom – Double room with carpets and floor to ceiling, double glazed window which allows lots of natural light to flood in.
Bedroom 2 – 2nd double bedroom with carpets and double-glazed floor to ceiling window.
Bathroom – Comprises of a three-piece suite with a walk-in shower.
Terrace – Private and overlooking greenery in Hobson’s Brook
Parking – One allocated parking space in a secure, fob activated parking area with shutter entrance
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.
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
- 25% Share Available
- 2 Bedroom
- Secure, allocated Parking
- Excellent Location
- 2.5 miles to Cambridge City Centre
- 2.8 miles to Cambridge train station
- Gas heating
- Shared garden
- Private terrace
- Lift
- Can staircase to 100%
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: D
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 25%, full price £450,000, £5,625 Min Deposit. Calculated using a representative rate of 4.78%
