£142,000

This 2 bedroom second floor apartment is located in Cambridge and is available to purchase through shared ownership with a 40% share. The property benefits from a balcony, and a practical layout across one floor. Buyers have the option to staircase to 100% ownership.

Full Market Value: £355,000

Share Available: £142,000

Monthly Rent: £613.56

Monthly Service Charge: £92.33

Remaining Lease Term: 86 years

About the property

This property is comprised of:

Hallway – provides access to the main living areas

Kitchen – located towards the front of the home

Lounge/diner – a space for relaxing and hosting, and provides access to the balcony

Bedroom 1 – double room, has space for storage

Bedroom 2 – double room, ideal for a second bedroom, nursery or office space

Bathroom – with bath and shower facilities

Balcony – outdoor space

Outside:

Unrestricted street parking

About the Area

Cambridge is a highly sought-after and historic city, renowned for its world-class university, stunning architecture and vibrant cultural scene. Ideally located approximately 50 miles north of London, the city offers excellent connectivity, with fast and frequent rail services to London King’s Cross and Liverpool Street, as well as easy access to the M11, A14 and Stansted Airport.

The city provides a large range of amenities, including an extensive selection of independent boutiques and high-street retailers, shopping centres, supermarkets, cafés, pubs, restaurants and takeaways. Cambridge also benefits from a popular market square, together with a wide range of professional and leisure services such as medical centres, hospitals, dentists, solicitors, financial services, gyms and recreational facilities.

Cambridge offers an excellent choice of state and independent schools at all levels, alongside further education colleges and the University of Cambridge.

The city boasts an abundance of public green spaces, including the world-famous Cambridge University Botanic Garden, Jesus Green, Parker’s Piece and Midsummer Common, as well as scenic riverside walks along the River Cam. Leisure opportunities are plentiful, with museums, theatres, sports clubs and cultural attractions all contributing to the unique lifestyle appeal.

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.