2 bedroom apartment for sale
Mill View, St Edmunds Way, CB22 5GA
Share percentage 75%, full price £340,000, £12,750 Min Deposit.
Share percentage 75%, full price £340,000, £12,750 Min Deposit.
Monthly Cost: £1,882
Service charge £429,
Mortgage £1,453*
Calculated using a representative rate of 5.26%
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.
Summary
Available Now! 2 bedroom ground floor apartment in Hauxton, Cambridge, available to purchase through the shared ownership scheme
Description
This 2 bedroom ground floor apartment is situated in Hauxton, Cambridgeshire, and is available to purchase through the shared ownership scheme.
Full market value: £340,000
Share available: 75%
Monthly rent: £0.00
Monthly service charge: £429.49
Remaining lease term: 122 years
About the property
This property is comprised of:
- An entrance hall
- Kitchen/diner
- Living room
- Two bedrooms
- Bathroom
About the area
Hauxton is a small village in Cambridgeshire, England around 5 miles to the south-west of Cambridge. Hauxton had a 2011 population of 673 and has an organic food shop, a small convenience/grocery store and hair salon (both located on the ground floor of Mill View) and a church. There are more shops and amenities in Great Shelford (approx. 3 miles) and further afield, Cambridge offers a host of entertainment, leisure and shopping options for you to enjoy.
To find out more about what Mill View has to offer, click here: https://www.mill-view.co.uk/
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. Oxlip 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 bpha. There is no rent to pay on a 75% purchase. This property has a 75% share available to purchase.
In the future, you can simply sell your share for its value at the time of sale (current market valuation required).
To qualify for the property, applicants will be required to have a sale agreed on their current property (if applicable), pass the necessary checks, and be over the age of 55.
The association will carry out an affordability assessment on any interested applicants and this will also be subject to care assessment.
Please note, applicants individual care needs will be assessed once an application has been made, however any potential purchaser will be required to pay for tailored care, with the amount confirmed by the care provider, in addition to the charges stated above.
*Fee Applies
Key Features
- 75% Share available
- No rent!
- 2 bedrooms
- Excellent location
- 8 miles to Cambridge city centre
- Great local amenities
Particulars
Tenure: Leasehold
Lease Length: 122 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 £340,000, £12,750 Min Deposit. Calculated using a representative rate of 5.26%
