2 bedroom house for sale
Vicarage Meadow, Stow-Cum-Quy, Cambridgeshire, CB25 9AL
Share percentage 25%, full price £315,000, £11,813 Min Deposit.
Share percentage 25%, full price £315,000, £11,813 Min Deposit.
Monthly Cost: £938
Rent £551,
Service charge £25,
Mortgage £362*
Calculated using a representative rate of 4.24%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A very smartly-presented, two-bedroom house in rural Cambridgeshire. This modern, mid-terrace property has the reception room at the front with a doorway that leads through to an under-stairs cloakroom and a spacious kitchen/dining room with tiled floor and access to the rear garden. On the first floor are the bedrooms, both comfortable doubles with built-in storage, plus a stylish, recently-upgraded bathroom. The house comes with use of a parking space and is also within easy reach of Cambridge city centre by either bus or bicycle.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £315,000 but see 'Please Note' below).
Please Note: 'Staircasing' is restricted to 80% for this property.
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://bit.ly/2y67Tie]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/01/2008).
Minimum Share: 25% (£78,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £551.41 per month (subject to annual review).
Service Charge: £25.44 per month (subject to annual review).
Guideline Minimum Income: Dual £28,700 | Single £35,000 (based on minimum share and 15% deposit).
Council Tax: Band C, South Cambridgeshire district Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
Key Features
- Guideline Minimum Deposit 15% (£11,812.50)
- Guideline Income £28.7k (dual) | £35k (single)
- Two Storey, Two Bedroom, Mid Terrace House
- Approx. 632 Sqft Gross Internal Area
- Double Bedrooms with Fitted Storage
- Bathroom plus Downstairs Cloakroom
- Rear Garden
- Parking Space
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan BrochureMap
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 25%, full price £315,000, £11,813 Min Deposit. Calculated using a representative rate of 4.24%
