2 bedroom house for sale
Sterling Way, Cambridge, CB23 6AR
Share percentage 50%, full price £340,000, £8,500 Min Deposit.
Share percentage 50%, full price £340,000, £8,500 Min Deposit.
Monthly Cost: £1,387
Rent £348,
Service charge £92,
Mortgage £947*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Cambridge, Cambridgeshire
Description
Modern, bright & spacious two-bedroom detached house now available in Cambourne through Shared Ownership.
The property comprises a wide living room, a separate kitchen, and a small toilet on the ground floor. On the first floor, there are two large bedrooms and a bathroom. This could be ideal for a small family.
The house is also surrounded by a large garden and is of a relatively modern construction (circa 2009).
There are two allocated parking spaces.
Available for £170,000 for 50% share based on the marketing figure of £340,000.
Monthly rent - £348.39
Monthly Service Charge - £92.44
Total Monthly Charge - £440.83 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property sits in a tranquil residential area and is surrounded by beautiful natural green areas, such as Sirus Lake and a playground just behind the house.
Cambourne's town centre is also very close, about a mile away, and can be reached either on foot or by car. It has all the necessary amenities: supermarkets, shops, pubs, and restaurants.
Cambridge is also close, reachable by a 40-minute direct bus connection or by car in half an hour.
Road travel is also convenient, thanks to the M11 and the A428, just a short drive away.
There are also several schools in the area, many within walking distance.
EPC ratingEnergy rating band - C
Environmental impact band - B
Years remaining on lease: 110
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom detached house
- Two parking spaces
- Large private garden
- Two storeys
- Available for 50% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 50%, full price £340,000, £8,500 Min Deposit. Calculated using a representative rate of 5.03%
