Share percentage 45%, full price £270,000, £6,075 Min Deposit.
Monthly Cost: £1,064
Rent £340,
Service charge £47,
Mortgage £677*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
*JUST LAUNCHED *45% shared ownership *One bedroom mid terrace homes available *Gas central heating *Private garden *Allocated parking *Electric vehicle charging point
Description
Built by Taylor Wimpey and offered for Shared Ownership sale through Domovo, we have a selection of one bedroom mid terrace houses at the hugely popular Cambourne West development in Cambourne, Cambridgeshire.
This stunning development has been carefully planned to make the most of the timeless local landscape.
Expansive green open spaces are crafted throughout the development with village ponds and beautiful landscaping. All of this only a short walk (1 kilometre) from Cambourne's village centre, lined with a charming assortment of restaurants and cafés, all offering their own unique individuality and preserved by a passionate local community.
Pricing
Full Market Value: £270,000
Share Value: £121,500 (Based on a 45% share)
Monthly Rent: £340.31 (Based on a 45% share)
Monthly Service Charge: £46.60 (This is an estimate only)
Lease Term: 123 years
Initial shares available to purchase between 25-75%*.
*(Your application will be affordability assessed by an Independent Mortgage Advisor to determine what share you can afford to buy).
About the Property
A one bedroom mid-terrace house includes the following specification:
Kitchen
- Medford white kitchen cupboards
- Copper Slate worktop with upstand
- Stainless steel splashback
- Oven, gas hob & integrated cooker hood
- Space for free standing Fridge freezer and washing machine (appliances not provided)
- Vinyl flooring
Bathroom
- Thermostatic shower over bath
- Madagascar Blanco Porcelanosa wall tiles to wet areas
- Vinyl flooring
- Shower screen
General
- Manhattan taupe carpet to dry areas
- Gas central heating
- NHBC Warranty
- Private garden with turf
- Outside tap to houses
- One car parking space
- Electric vehicle charging point
We reserve the right to change the specification at any time.
Please note that the imagery shown are CGIs – Guide only.
The perfect place to put down roots
Cambourne West will be a place for everyone, a real cross-generational community where people of all ages can grow and prosper together.
Shared green spaces will create the perfect opportunity for families, friends and neighbours to meet and socialise, whilst a variety of flexible commercial spaces will provide ample scope for new local businesses.
A collection of quality homes are surrounded by beautifully landscaped open green spaces in which to walk, run and cycle. The many on-site amenities include a village centre, ponds, sports facilities, a community centre and a new primary and secondary school.
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 25% 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 125 years.
**Shares offered are based on the affordability determined by an Independent Mortgage Advisor.
***Some properties are restricted to the level of share you can purchase.
Disclaimer
The information provided by Domovo, the sales and marketing brand for bpha, is prepared as a general guide only and should not be relied upon as a basis to enter into a legal contract or to commit expenditure. All measurements are approximate. Floorplans are for illustration purposes only. Photographs/CGIs provided are for guidance only and may not reflect items included in the property sale. Any interested party is advised to check the measurements and to consult their own surveyor, solicitor and/or other professionals before committing themselves to any expenditure or other legal commitments.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
Key Features
- A high specification kitchen with built in oven, hob & cooker hood
- Private garden
- Allocated parking space
- Electric vehicle charging point
- Located only 30 minutes from the centre of Cambridge
- Easy access to major transport links
Particulars
Tenure: Leasehold
Lease Length: 123 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 45%, full price £270,000, £6,075 Min Deposit. Calculated using a representative rate of 5.03%
