Share Price £91,250 (from 25% Min. Share)

Full Value £365,000 | £4,563 Min. Deposit

Scheme: Shared Ownership

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Northstowe H11 - 3 bed house in Cambridge - Cambridgeshire

place Stirling Road, Northstowe, CB24 1BW

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Domovo

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Built by Taylor Wimpey and offered through Domovo via the Shared Ownership Scheme, this three bedroom link-detached house is situated at the Northstowe H11 development in Cambridge.


Description

Built by Taylor Wimpey and offered for Shared Ownership sale by Domovo. This three bedroom link-detached house is available now in Northstowe, Cambridgeshire.

*CGI - Guide Only.

**Estimated service charge is £23.77 pm

Initial shares available to purchase between 25%-75%* (*Your application will be affordability assessed to determine what share you can afford to buy). **The monthly Service Charge shown is an estimate


About the Property
The house includes the following features:

- High specification kitchen with built in oven, hob and cooker hood
- Flooring is provided through-out
- Gas central heating
- Private garden
- Allocated parking for 2 cars


Local Information

Sitting just to the North of Cambridge amongst neighbouring villages is Northstowe, a new town which when completed in around 2024, will be the largest new settlement in the UK since Milton Keynes was created over 50 years ago.

Comprising almost 10,000 new homes, Northstowe will be home to more than 24,000 people who will be able to enjoy all the new amenities and infrastructure which the town will have to offer including cycleways, a guided busway, green spaces, shops and schools as well as a number of community recreation facilities in line with NHS England's Healthy New Town principles.


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. Initial shares of between 25% and 75%** of our properties are available, you will pay a subsidised rent on the remaining share.

In the future you can purchase further shares in your home***, or sell your share and move on.

*Properties are offered as leasehold.
**Shares offered are based on business need.
***Some properties are restricted to the level of share you can purchase.


Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.


Download Documents

Link to the floor plan Energy Certificate
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Calculate Monthly Cost

Share price
£ 91,250
Min. £91,250
Share percentage
Min. 25%
Your deposit
Min. £4,563
Monthly cost*
£1,089
Cost breakdown
£627
Rent
£19
Service charge
£443
Mortgage*
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Domovo

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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.