3 bedroom house for sale
Mclaren Street, West Cambourne, CB23 6NF
Share percentage 25%, full price £350,000, £4,375 Min Deposit.
Share percentage 25%, full price £350,000, £4,375 Min Deposit
Monthly Cost: £1,256
Rent £683,
Service charge £98,
Mortgage £475*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in South Cambridgeshire, Cambridgeshire
Description
Bright and modern three-bedroom semi-detached house now available in West Cambourne, through Shared Ownership.
The property is spread across two floors. On the ground floor, there is a reception room, a separate kitchen, and a toilet. On the first floor, there are two bedrooms and two bathrooms.
The property offers residents a rear and front garden and a private driveway for parking.
Available for £87,500 for 25% share based on the marketing figure of £350,000.
Monthly rent - £682.86
Monthly Service Charge - £97.95
Total Monthly Charge - £780.81 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is located in West Cambourne's peaceful and family-friendly area, offering easy access to a range of local amenities. Within a 5-minute drive, residents can reach local supermarkets and local gyms.
Cambourne Nature Reserve offers scenic walks and outdoor activities. The area also features several cafés, restaurants, and healthcare facilities, including a local pharmacy and medical centre. Cambourne Village College and multiple primary schools are nearby, making it ideal for families.
For commuters, West Cambourne is well-connected via the A428, with regular bus services to Cambridge (approx. 30 minutes) and St Neots. The nearest train station is in St Neots, around 20 minutes by car, offering direct services to London King's Cross in approximately 45 minutes.
EPC ratingEnergy rating band - B
Environmental rating band - B
Lease informationYears remaining on lease: 989
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationHow we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by SO Resi and MTVH
You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
Key Features
- Three-bedroom semi-detached house
- Private driveway
- Rear and front garden
- Local amenities nearby
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 989 years
Council Tax Band: Not specified
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 25%, full price £350,000, £4,375 Min Deposit. Calculated using a representative rate of 4.78%
