Share Price £96,000 (from 50% Min. Share)

Full Value £192,000 | £4,800 Min. Deposit

Scheme: Shared Ownership Resales

check_circle Available now

2 bedroom house in Ely - Cambridgeshire

place Darby's Yar, CB6 2RS

Budget Calculator
Calculate monthly cost help
Sign in to Register Your Interest mail

Hundred Houses

favorite_outline Save Property

Well presented two bedroom house!


Eligibility

This property is covered by a Section 106 Planning Agreement Restriction.

This agreement puts in place a local connection restriction that the applicant lives in Sutton area.

Priority will be given to applicants that can demonstrate a local connection to Sutton (see below for details of ‘local connection’). Qualifying Persons from Sutton shall have priority of allocations over those from neighbouring villages, with both being in priority over those from the wider District of Cambridgeshire.

If an applicant can not be identified with a local connection consideration will then be given to those without a local connection.

Local Connection

An applicant will be considered to have a strong local connection to the village if they meet one of the following criteria:

a) The applicant has worked (paid employment) in the village for the last 12 months for sixteen hours or more per week; or

b) The applicant has lived in the village for at least 5 years out of the last 8 years; or

c) The applicant has family members who are resident in the village. Family members are defined as parents, children or brothers or sisters who have been resident in the village for a period of 5 years or longer. or

d) There are special circumstances that are considered to give rise to a local connection to the village, for example where the applicant’s substantive role is as a carer to a person resident in the village.


Description

This lovely two bed mid-terrace house, with newly refurbished bathroom and downstairs cloakroom, is now available for purchase under the shared ownership scheme.

Situated at the top of a quiet cul-de-sac, the home benefits from one allocated parking space in front of the property and right tovisitors' parking.

This property has been recently re-decorated throughout and has a brand new family bathroom with a large walk in shower and a downstairs cloakroom.

The Kitchen is of a good size and has a brand new oven.

Both bedrooms are good sized double rooms. The bedroom to the rear of the property has a built in wardrobe and the bedroom on the front of the property has space for the same.

The garden is a beautiful sun trap, with a small patio, path and shed which has power connections.

Current monthly rent £184.89 pcm
Current service charges £9.35 pcm
Ground rent - None
Sinking fund - None
Please contact Iceni on sales@icenihomes.com for more information or to arrange a viewing!
Please note the local connection requirementunder the Eligibilitytab.

A quiet and attractive development within the village
Located in a well served village, approximately 6 miles west of Ely.
Convenient road & rail links to Cambridge & London

The properties are subject to a new valuation every 3 months to ensure the values are in line with current market. this property is due a new valuation in September 2019.


Budget Calculator
arrow_backwards Back to 2 bedroom house in Ely - Cambridgeshire

Calculate Monthly Cost

Share price
£ 96,000
Min. £96,000
Share percentage
Min. 50%
Your deposit
Min. £4,800
Monthly cost*
£619
Cost breakdown
£185
Rent
£9
Service charge
£425
Mortgage*
help

Sign in to Register Your Interest mail

Hundred Houses

favorite_outline Save Property

Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.