1 bedroom apartment for sale
Bucksherd Close, Cambridge, CB23 5JU
Share percentage 40%, full price £160,000, £3,200 Min Deposit.
Share percentage 40%, full price £160,000, £3,200 Min Deposit.
Monthly Cost: £861
Rent £425,
Service charge £80,
Mortgage £356*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Cambridge, Cambridgeshire
Description
Modern, bright & spacious one-bedroom apartment now available in Cambourne through Shared Ownership.
The property comprises a wide living room with a private balcony, a separate fitted kitchen, a bathroom and a good sized bedroom. This could be ideal for working professionals or first time buyers.
The property boasts a private front door entrance and allocated parking.
Available for £64,000 for 40% share based on the marketing figure of £160,000.
Monthly rent - £425.39
Monthly Service Charge - £79.62
Total Monthly Charge - £505.01 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property is located in Cambourne on the edge of the city of Cambridge, in a residential area close to Cambourne Nature Reserve.
A 16 minute drive away from the railway station. Only a 5 minute drive to a Morrisons supermarket this property has great public transport routes and is within walking distance to local amenities.
EPC ratingEnergy rating band - C
Environmental impact band - B
Layout and dimensionsGross internal floor area: 61.4 m²
Living room: 4.88 x 4.45 m
Kitchen: 4.17 x 2.49 m
Bedroom 1: 4.04 x 3.15 m
Lease informationYears remaining on lease: 108
In certain cases, 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
- Duplex apartment
- Private balcony
- Great location
- Allocated parking
- Available for 40% 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 40%, full price £160,000, £3,200 Min Deposit. Calculated using a representative rate of 5.03%
