2 bedroom house for sale
The Street, Newmarket, CB8 9PB
Share percentage 50%, full price £150,000, £3,750 Min Deposit.
Share percentage 50%, full price £150,000, £3,750 Min Deposit.
Monthly Cost: £710
Rent £264,
Service charge £28,
Mortgage £418*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Newmarket, Cambridgeshire
Description
Bright & spacious two-bedroom terrace now available in Newmarket through Shared Ownership.
The property comprises a large living room, fitted kitchen, and two bedrooms. This could be ideal for a family.
The house has a shared driveway providing allocated off-street parking and a lawned area with shrub beds and borders. To the rear of the Property is an enclosed garden comprising a paved area with lawn beyond with shrub borders.
Available for £75,000 for 50% share based on the marketing figure of £150,000.
Monthly rent - £264.05
Monthly Service Charge - £27.98
Total Monthly Charge - £292.03 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property is located just outside Newmarket's town centre, in a rural residential area.
It is a 10 minute drive away from Newmarket railway station. The train travels to Cambridge, in less than half an hour.
The close A11 motorway, about 20 minutes away, also makes road travel convenient.
EPC ratingEnergy rating band - DEnvironmental impact band - FLayout and dimensionsGross internal floor area: 65m²Living room: 3.99 x 2.64mKitchen: 4.37 x 3.38mBedroom 1: 3.33 x 3.15mBedroom 2: 3.20 x 2.31mLease informationYears remaining on lease: 71
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom Terrace
- Allocated Parking
- Private Garden
- Great transport links
- Available for 50% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 50%, full price £150,000, £3,750 Min Deposit. Calculated using a representative rate of 5.03%
