1 bedroom apartment for sale

Available

Drakes Court, High Street, CB24 3EP

£37,500 · Shared Ownership Resale

Share percentage 25%, full price £150,000, £1,875 Min Deposit.

Available
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£37,500 Shared Ownership Resale

Share percentage 25%, full price £150,000, £1,875 Min Deposit.

Monthly Cost: £646
Rent £354, Service charge £83, Mortgage £209*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Summary

A 1 bed shared ownership property available in Cambridge, Cambridgeshire

Description

Spacious brick-made one-bedroom apartment now available in Longstanton, North Cambridge, through Shared Ownership.

The property comprises a wide living room, a fitted kitchen, and a large bedroom. This could be ideal for a couple or a single person.

Parking at the front of the residence is available.

Available for £37,500 for 25% share based on the marketing figure of £150,000.

Monthly rent - £353.89
Monthly Service Charge - £82.85
Total Monthly Charge - £436.74 plus mortgage required for 25% share.

An annual rent increase takes place every April

Location

The property sits in a tranquil residential area in Longstanton, just around 20-minute drive from Cambridge.

Many green areas surrounding the neighbourhood.

EPC rating

Energy rating band - C
Environmental impact band - D

Lease information

Years remaining on lease: 965

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
    Particulars

    Tenure: Not specified
    Council Tax Band: Not specified

    Property Downloads
    Floor Plan
    Map
    Waterbeach (6.55 miles) Cambridge Station (7.17 miles) Shelford (9.96 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.

    Read More Read Less
    • 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.

    £37,500
    Shared Ownership Resale
    Estimated Monthly Cost:£646
    Rent £354
    Service Charge £83
    Mortgage £209

    Share percentage 25%, full price £150,000, £1,875 Min Deposit. Calculated using a representative rate of 5.03%


    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.