Share percentage 75%, full price £400,000, £30,000 Min Deposit.
Monthly Cost: £1,515
Mortgage £1,515*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
- For over 55s only
Summary
Available now! 2 bedroom apartments in Warburton House, Cambridge. These apartments have been created exclusively for those over 55 and available to purchase through the Shared Ownership scheme!
Description
Warburton House
This 2-bedroom, high-specification apartment in Cambridge sits in a beautiful natural environment. Situated around beautiful views of the Gog Magog Hills, these apartments have been created exclusively for those over 55 and are available to purchase through the Shared Ownership Scheme.
Full Market Value: £400,000
Share Available: 75%
Monthly Rent: £0
Monthly Service Charge: £272.45
Remaining Lease Term: 118 years
About the Property
As you enter the apartment you will be in the entrance hallway, immediately ahead are the two stylish bedrooms, with the master bedroom including a mirrored wardrobe and a spacious en-suite bathroom. The luxury bathroom includes a walk in thermostatic shower, atlas back to wall WC pan with slow closing toilet seat and concealed cistern, Roca Polo wash hand basin with Vado Zoo single lever mono basin mixer tap and Porcelanosa Madagascar 'Natural' tiles to the shower area and Porcelanosa Madagascar 'Blanco' tiles to the floor and remaining wall areas.
Adjacent to the second bedroom is the open plan living room and kitchen/dinner. The specification includes: Moores Elise Gloss with Silestone 'Cemento Spa' worktop, built in Bosch oven & hob with Electrolux cooker hood, Bosch integrated slimline dishwasher, fridge/freezer and washer dryer, storm grey brick style tiling and Karndean limed linen oak plank vinyl flooring. The spacious living room has been designed to provide you with comfort, independence, and peace of mind so you are free to live life to the full and opens out to a balcony, which is ideal for relaxing in the warm weather.
*Please be advised that the imagery used is from our previous show home at this development. This property only comes furnished with advertised appliances.
About the Development
Warburton House has been designed to provide residents with the ability to live independently, with the added benefit of on-site facilities to encourage social interaction. Residents of Warburton House can enjoy a hair salon, tv room, communal lounge, communal garden, and launderette.
Warburton House provides a friendly environment where you can comfortably retain your independence, with reassurance that your apartment is geared up for any future needs you may require.
About the Local Area
Located on the southern fringe of Cambridge with southern views over rolling countryside, green spaces, allotments and natural ponds, Ninewells gives you the benefit of a countryside location but with the added benefit of being in close proximity to everything Cambridge has to offer.
Characterised by historic architecture, pedestrianised streets, open-air markets, picturesque green spaces and lazy riverside pastimes, Cambridge is truly a beautiful city in which to live. Living at Ninewells, you'll be close enough to feel the beat of the city's vibrant heart and benefit from its rich diversity.
Cambridge boasts a brilliant public transport system, with a comprehensive bus service. There is a number of routes serving Ninewells, with the nearest bus stops around 200 metres away (about a five-minute walk). From these, you can pick up various frequent services that run to the centre, the train station and outlying areas.
Ninewells has its own cycle paths that connect you to a comprehensive system of off-road cycle routes and cycle lanes that link the development to the city and wider cycle network.
The city also has excellent road access via the M11 and A14, and it's well-served by rail connections. From Ninewells, it's just a few minutes' drive to Cambridge station, and regular trains run nonstop to London King's Cross, with a journey time of around an hour.
Green spaces, allotments and natural ponds, Ninewells gives you the benefit of a countryside location but with the added benefit of being in close proximity to everything Cambridge has to offer.
Characterised by historic architecture, pedestrianised streets, open-air markets, picturesque green spaces and lazy riverside pastimes, Cambridge is truly a beautiful city in which to live. Living at Ninewells, you'll be close enough to feel the beat of the city's vibrant heart and benefit from its rich diversity.
Cambridge boasts a brilliant public transport system, with a comprehensive bus service. There is a number of routes serving Ninewells, with the nearest bus stops around 200 metres away (about a five-minute walk). From these, you can pick up various frequent services that run to the centre, the train station and outlying areas.
Ninewells has its own cycle paths that connect you to a comprehensive system of off-road cycle routes and cycle lanes that link the development to the city and wider cycle network.
The city also has excellent road access via the M11 and A14, and it's well-served by rail connections. From Ninewells, it's just a few minutes' drive to Cambridge station, and regular trains run nonstop to London King's Cross, with a journey time of around an hour.
Shared Ownership for the over 55's - How does it work?
Whether you are retired, planning for your future or downsizing, where you live and quality of life is important. Warburton House provides you with the privacy of your own apartment but with the sense of community.
You buy a share in your home (50% or 75%) with the remaining share owned by the Housing Provider.
There is no rent to pay on a 75% purchase.
In the future, you can simply sell your share for its value at the time of sale (current market valuation required) or purchase further shares in your home (up to 75%).
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: E
Property Downloads
Key Information Document Floor Plan Brochure Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a - Private Balcony
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 75%, full price £400,000, £30,000 Min Deposit. Calculated using a representative rate of 4.59%