Share Price £96,250 (from 25% Min. Share)

Full Value £385,000 | £4,813 Min. Deposit

Scheme: Shared Ownership

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Bower Place - 3 bed house in Cottenham - Cambridgeshire

place 12 Hawking Close, CB24 8TW

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Brand new two bedroom house in the popular village of Cottenham


Description

Two 3 bedroom semi detached houses available for Shared Ownership, part-buy part-rent in the popular village of Cottenham, Cambridge.

The development will become a thriving community of just 50 new homes. Surrounded by open countryside and within a mile of local amenities, Oakington is less than 8 miles from Cambridge.

Waterbeach railway station is a 12 minute drive away with connections to Cambridge in 6 minutes, Ely in 10 minutes and London Kings Cross in just 59 minutes, close to the A14 and A10 with the A1 (m) within 30 minutes. Stansted Airport is a comfortable 40 minutes drive away.

Prices on this development start from 25% equity share.

You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings.

Full Market Value £385,000

25% share £96,250

Monthly rent £662

Service charge £70


50% share £192,500, monthly rent £441; 60% share £231,000, monthly rent £353; 75% share £288,750, monthly rent £221


Key Features

  • Off street parking - Driveway
  • Modern white kitchen with oven, hob and extractor fan
  • Carpet to bedroom and living areas with vinyl flooring to kitchen and bathroom
  • Downstairs cloakroom
  • White bathroom suite with over-bath shower and glass shower screen
  • Private garden with shed

Download Documents

Property brochure 1 Energy Certificate

Accessibility

C – Lifetime Homes

Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 96,250
Min. £96,250
Share percentage
Min. 25%
Your deposit
Min. £4,813
Monthly cost*
£1,199
Cost breakdown
£662
Rent
£70
Service charge
£467
Mortgage*
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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.