2 bedroom house for sale
Spitfire Road, Upper Cambourne, CB23 6FN
Share percentage 45%, full price £265,000, £5,963 Min Deposit.
Share percentage 45%, full price £265,000, £5,963 Min Deposit.
Monthly Cost: £1,051
Rent £319,
Service charge £68,
Mortgage £664*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Upper Cambourne, Cambridgeshire
Description
Two-bedroom mid terraced house now available in Upper Cambourne in Shared Ownership.
The property was built in 2013 and comprises a wide living room, an open-plan fitted kitchen and a small toilet on the ground floor. Upstairs, there are two bedrooms and a shared bathroom.
There's also a private rear garden/terrace and parking up front. This could be ideal for a family.
Available for £119,250 for 45% share based on the marketing figure of £265,000.
Monthly rent - £319.41
Monthly Service Charge - £67.81
Total Monthly Charge - £387.22 plus mortgage required for 45% share.
An annual rent increase takes place every April
LocationUpper Cambourne forms part of the Cambourne complex of Lower, Upper and Great Cambourne and is conveniently situated adjacent to the A428 trunk road giving easy access to Cambridge, M11 and west to the A1.
Cambourne offers a good range of everyday facilities, including Morrisons supermarket, together with educational and recreational amenities.
EPC ratingEnergy rating band - C
Environmental impact band - B
Years remaining on lease: 114
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 mid terrace house
- Private rear garden
- Modern building (2013)
- Parking driveways
- Available for 45% 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 45%, full price £265,000, £5,963 Min Deposit. Calculated using a representative rate of 5.03%
