2 bedroom apartment for sale
Mill View, St. Edmunds Way, CB22 5GA
Share percentage 75%, full price £360,000, £13,500 Min Deposit.
Share percentage 75%, full price £360,000, £13,500 Min Deposit
Monthly Cost: £2,040
Service charge £536,
Mortgage £1,504*
Calculated using a representative rate of 5.03%
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 Hauxton, Cambridge, available to purchase through the shared ownership scheme
Description
This 2 bedroom first floor apartment is situated in Hauxton, Cambridge, and is available to purchase through the shared ownership scheme.
Full market value: £360,000
Share available: 75%
Monthly rent: £0.00
Monthly service charge: £535.95
Remaining lease term: 120 years
About the property
- This property is comprised of:
- An entrance hall
- Open plan kitchen/living room
- Two bedrooms
- Bathroom
- Private balcony
About the area
Hauxton is a small village in Cambridgeshire, England around 5 miles to the south-west of Cambridge. Hauxton had a 2011 population of 673 and has an organic food shop, a small convenience/grocery store and hair salon (both located on the ground floor of Mill View) and a church. There are more shops and amenities in Great Shelford (approx. 3 miles) and further afield, Cambridge offers a host of entertainment, leisure and shopping options for you to enjoy.
To find out more about what Mill View has to offer, click here: https://www.mill-view.co.uk/
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 75% 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
- 75% Share available
- 2 bedrooms
- Private balcony
- Level access shower room
- Communal gardens
- Excellent location
- 5 miles to Cambridge City Centre
- Great local amenities
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 75%, full price £360,000, £13,500 Min Deposit. Calculated using a representative rate of 5.03%
