2 bedroom house for sale
Peppercorn Drive, Northstowe, CB24 1BF
Share percentage 25%, full price £315,000, £3,938 Min Deposit.
Share percentage 25%, full price £315,000, £3,938 Min Deposit.
Monthly Cost: £1,146
Rent £668,
Service charge £29,
Mortgage £449*
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 semi-detached house in Northstowe, Cambridge, available to purchase through the shared ownership scheme
Description
This 2 bedroom semi-detached house is situated in Northstowe, and is available to purchase through the shared ownership scheme.
Full market value: £315,000
Share available: 25%
Monthly rent: £667.89
Monthly service charge: £29.04
Remaining lease term: 121 years
About the property
This property is comprised of:
- An entrance hall
- Kitchen/diner
- Living room
- Downstairs WC
- Bedroom 1
- Bedroom 2
- Bathroom
- Garden
- Parking
About the area
Northstowe is a sustainable new development near Cambridge where modern amenities are planned in an area rich in local history. The town has a strong sense of community and an identity that is entirely unique, where health and wellbeing are promoted. At Northstowe you’re never far from nature and yet only 20 minutes from Cambridge City.
The Northstowe development provides great spaces for formal and informal recreation in both sport and play, including a well-designed play park; Pioneer Park with a basketball area, outdoor free gym, sports pitches and bowls green. Northstowe is already well served with the Pathfinder Primary school, Northstowe Secondary College and Martin Bacon Academy with more schools planned as the town grows
The new town will fall in the Longstanton ward of South Cambridgeshire District Council, and is located five miles northwest of the city of Cambridge, between the villages of Oakington and Longstanton. Northstowe is linked to Cambridge and St Ives by the Cambridgeshire Guided Busway which was opened in 2011.
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 25% 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
- 25% Share available
- 2 bedrooms
- Private garden to rear
- Allocated parking
- Excellent location
- 10 miles to Cambridge City Centre
- Great local amenities
Particulars
Tenure: Leasehold
Lease Length: 121 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 25%, full price £315,000, £3,938 Min Deposit. Calculated using a representative rate of 5.26%
