3 bedroom house for sale

Available

Lilywhite Drive, Cambridge, CB4 1GB

£262,500 · Shared Ownership Resale

Share percentage 35%, full price £750,000, £26,250 Min Deposit.

Available
3 bedrooms
3 Bathrooms
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£262,500 Shared Ownership Resale

Share percentage 35%, full price £750,000, £26,250 Min Deposit.

Monthly Cost: £2,597
Rent £1,217, Service charge £48, Mortgage £1,332*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Summary

A Fantastic Opportunity to Purchase a Three Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A rare chance to buy such a spacious shared-ownership family home. The smartly-presented, mid-terrace property is part of a modern development just to the north of the River Cam. There is a study and cloakroom just off the entrance hall with the remainder of the ground floor devoted to an open-plan kitchen/reception room with attractive flooring, sleek, handle-less units and integrated appliances. A glazed door provides access to the south-west-facing rear garden. On the first floor are two double bedrooms and a bathroom large enough to include a separate shower cubicle. A second flight of stairs leads to a generously-sized main bedroom with en-suite shower room and to a 170 sqft roof terrace. Well insulated walls, roof and floor, high performance glazing and gas central heating all contribute towards a very good energy-efficiency rating. The house has a front driveway and there are also a number of, shared, visitor spaces at the end of the terrace. Lilywhite Drive is close to Chesterton sports Centre and the Cambridge Tennis Academy. Victoria Bridge, Jesus Green and Midsummer Common are just a short walk away and the city centre can be easily reached by bus or bike. Ofsted list three 'Good' primary schools within half a mile and the nearby secondary is rated 'Outstanding'.

SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £750,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/ycmd5xnp]

(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 01/04/2016).
Minimum Share: 35% (£262,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £1216.52 per month (subject to annual review).
Service Charge: £47.81 per month (subject to annual review).
Guideline Minimum Income:Dual - £78,400 (based on minimum share and 40% deposit £105,000) | Single - £78,800 (based on minimum share and 55% deposit £144,375).
Council Tax: Band E, Cambridge City 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
  • Guide Min Income Dual £78.4k (40% £105k Deposit)
  • Guide Min Income Single £78.8k (55% £144k Deposit)
  • Three Storey, Three Bedroom, Mid Terrace House
  • Approx. 1221 Sqft Gross Internal Area
  • Bathroom, Shower Room and Cloakroom
  • Large Roof Terrace
  • South West Facing Rear Garden
  • Driveway Parking Space
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: E

Property Downloads
Key Information Document Floor Plan Brochure
Map
Cambridge Station (1.65 miles) Waterbeach (4.46 miles) Shelford (4.69 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£262,500
Shared Ownership Resale
Estimated Monthly Cost:£2,597
Rent £1,217
Service Charge £48
Mortgage £1,332

Share percentage 35%, full price £750,000, £26,250 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.