3 bedroom house for sale
Spitfire Road, Cambridge, CB23 6FN
Share percentage 50%, full price £330,000, £8,250 Min Deposit.
Share percentage 50%, full price £330,000, £8,250 Min Deposit
Monthly Cost: £1,350
Rent £379,
Service charge £75,
Mortgage £896*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Cambridge, Cambridgeshire
Description
Bright and spacious three-bedroom semi-detached house now available in Cambridge through Shared Ownership.
The property features a reception room, a kitchen, and a toilet on the ground floor. The first floor comprises three bedrooms and a family bathroom.
The property offers residents a spacious rear garden, accessed via the reception room and parking.
Available for £165,000 for 50% share based on the marketing figure of £330,000.
Monthly rent - £378.99
Monthly Service Charge - £75.08
Total Monthly Charge - £454.07 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property offers easy access to a range of local amenities ideal for families and professionals alike. Within a 5–10 minute drive, residents can reach several supermarkets, independent shops, fitness centres, and green spaces, including community parks and walking trails. Healthcare is well covered with a medical practice just 10 minutes away and a hospital within 25 minutes. Schools and nurseries are also nearby, making this a well-rounded location for daily convenience.
Transport links are excellent, with regular bus services connecting Cambourne to Cambridge, St Neots, and St Ives. The nearest mainline train station is in St Neots, approximately 20 minutes by car, offering direct services to London King's Cross in around 45 minutes. For drivers, quick access to the A14 and M11 ensures smooth commutes to Cambridge and beyond.
EPC ratingEnergy rating band - C
Environmental rating band - C
Lease informationYears remaining on lease: 113
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
- Rear garden
- Parking available
- Local amenities nearby
- Available for 50% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 113 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 50%, full price £330,000, £8,250 Min Deposit. Calculated using a representative rate of 4.78%
