2 bedroom apartment for sale
Jones Place, Link Road, Sawston, CB22 3BQ
Share percentage 40%, full price £235,000, £4,700 Min Deposit.
Share percentage 40%, full price £235,000, £4,700 Min Deposit.
Monthly Cost: £957
Rent £330,
Service charge £91,
Mortgage £536*
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 first floor apartment in Sawston, Cambridge, available to purchase through the shared ownership scheme
Description
This 2 bedroom first floor apartment is situated in Sawston, Cambridge, and is available to purchase through the shared ownership scheme.
Full market value: £235,000
Share available: 40%
Monthly rent: £329.88
Monthly service charge: £90.81
Remaining lease term: 85 years
About the property
This property is comprised of:
- An entrance hall
- Kitchen/diner
- Living room
- Two bedrooms
- Bathroom
- Parking
About the area
Sawston is a large village in Cambridgeshire in England, situated on the River Cam about seven miles south of Cambridge. It has a population of 7,145 (Census 2011). A cycle path linking Sawston with Babraham, and Babraham with Abington was completed in October 2010, at a cost of £350,000. The route will eventually cross the A11 using the existing footbridge and join the National Cycle Network route 11.
The area benefits from a variety of local amenities including schools, shops and convenience stores, restaurants, parks, and a large number of youth groups and clubs ranging from the arts to cadets and sports.
Cambridge is auniversity cityand thecounty townofCambridgeshire,England, on theriver Cam approximately 50 miles north of London.
It boasts a brilliant public transport system, with a comprehensive busservice that connects you with the entirety of the city and has frequently distributed bus stops. From these, you can pick up various frequent services that run to the centre, train stations and outlying areas.
Shared ownership, how does it work?
If buying a home seems out of reach, shared ownership* could be the answer and offers a great alternative to renting. This property has a 40% share available to purchase, and you will pay a subsidised rent on the remaining share, as displayed above. In the future you can purchase further shares in your home** or sell your share and move on.
*Properties are offered as leasehold.
**Some properties are restricted to the level of share you can purchase.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
Key Features
- 40% Share available
- 2 bedrooms
- Allocated parking
- Excellent location
- 6 miles to Cambridge City Centre
- Great local amenities
Particulars
Tenure: Leasehold
Lease Length: 85 years
Council Tax Band: B
Virtual 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 40%, full price £235,000, £4,700 Min Deposit. Calculated using a representative rate of 5.26%
