Share percentage 35%, full price £297,500, £5,206 Min Deposit.
Monthly Cost: £1,076
Rent £443,
Service charge £40,
Mortgage £593*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
AVAILABLE NOW - Two bedroom semi-detached homes at The Orchard in Wintringham, St Neots
Description
Built by Durkan Homes and offered for Shared Ownership sale through Domovo, The Orchard at Wintringham is a brand new development and is ideally located in the Cambridgeshire countryside, next to the characterful market town of St Neots.
With a focus on the natural environment yet with an abundance of amenities on the doorstep, The Orchard at Wintringham does not sacrifice convenience for its rural feel.
Thoughtfully designed to complement their surroundings as well as cater for the demands of modern living, the two bedroom semi-detached homes at Wintringham development aim to enhance your lifestyle.
About the Property
A two bedroom semi-detached house includes:
- A high specification kitchen with built in oven, induction hob & cooker hood
- Flooring provided throughout
- Private garden
- Two car spaces
Initial shares available to purchase between 10%-75%* (*Your application will be affordability assessed to determine what share you can afford to buy).
Price shown is for a 35% share (Full market value is £297,500)
*Service charge estimated as £40.19 per month
*CGI - GUIDE ONLY (final landscaping may differ to image)
A vibrant neighbourhood
The Orchard at Wintringham offers numerous amenities within walking distance. This includes two primary schools, the first of which, Wintringham Primary Academy, opened in November 2020, and the second school is due to be built in the near future. Furthermore, a nursery, pub, and supermarket will all be available on the development, as well as a new civic centre to be a focal point of the new community.
For nature lovers, the homes at The Orchard at Wintringham will be surrounded by green corridors including woodland and grassland, as well as open spaces to relax or play sport. In addition, more than a third of the wider Wintringham development will be made up of green space.
Just a stone's throw away from the development is the thriving town of St Neots. Situated alongside the River Great Ouse, St Neots will provide you with all of your essentials including a pharmacy, a butcher, as well as plenty of restaurants and cafés to enjoy. As well, you will be able to support local producers by visiting the fortnightly Farm and Craft Market which has been running since 2002. St Neots also has lots of entertainment for family days out, including the Priory Centre, home to a range of shows and events, and St Neots Museum, where you can learn more about the rich history that the town holds.
For those looking to get involved with local community groups, there are plenty in the area to choose from. For sport lovers, check out St Neots Golf Club, Swans Swimming Club, St Neots Table Tennis Club St Neots Cycling Club, and many more. Other groups in the local area include St Neots Camera Club and St Neots Astronomy Club. The Orchard provides you the best of both worlds; a true sense of country living whilst being just minutes away from your everyday needs.
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. Initial shares of between 10% and 75%** of our properties are available, you will pay a subsidised rent on the remaining share.
In the future you can purchase further shares in your home*** or sell your share and move on.
*Properties are offered as leasehold, with a lease term of up to 999 years.
** Shares offered are based on business need.
***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.
Particulars
Tenure: Leasehold
Lease Length: 997 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan Brochure Energy CertificateMap
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 35%, full price £297,500, £5,206 Min Deposit. Calculated using a representative rate of 5.26%
