1 bedroom apartment for sale
Henty Close, CB2 9FL
Share percentage 40%, full price £310,000, £6,200 Min Deposit.
Share percentage 40%, full price £310,000, £6,200 Min Deposit.
Monthly Cost: £1,186
Rent £426,
Service charge £69,
Mortgage £691*
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! 1 bedroom ground floor apartment in Trumpington, Cambridge, available to purchase through the shared ownership scheme
Description
This 1-bedroom ground floor apartment is situated in Trumpington, Cambridge, and is available to purchase through the shared ownership scheme.
Full market value: £310,000
Monthly service charge: £69.21
Monthly rent: £426.25 based on a 40% share
About the property
This property is comprised of:
- An entrance hall
- Open plan kitchen/living room
- Bedroom
- Terrace
- Bathroom
It features an allocated car parking space.
All main services are connected and there is gas-fired radiator central hearing.
About the area
Trumpington is a village and former civil parish on the outskirts of Cambridge, England, bordering Cherry Hinton, Grantchester, Great Shelford, and Little Shelford. The village is an electoral ward of the City of Cambridge.
The nearby central square is set to become an attractive focal point for the whole development, with proposed neighbourhood facilities incorporating a health centre, library, shops and offices, plus a transport hub which will offer access onto the Cambridgeshire Guided Busway.
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.
*Properties are offered as leasehold.
**Shares offered are maximised based on an affordability basis.
***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. Rent/Service Charge are an estimate.
Key Features
- 25-75% Share available
- 1 Bedroom
- Private terrace
- Allocated parking
- Excellent location
- 2 miles to Cambridge City Centre
- Great local amenities
- Gas central heating
Particulars
Tenure: Leasehold
Lease Length: 99 years
Council Tax Band: B
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: Yes
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 40%, full price £310,000, £6,200 Min Deposit. Calculated using a representative rate of 5.03%
