2 bedroom apartment for sale
St Edmunds Way, Hauxton, CB22 5GA
Share percentage 50%, full price £375,000, £9,375 Min Deposit.
Share percentage 50%, full price £375,000, £9,375 Min Deposit
Monthly Cost: £2,087
Rent £529,
Service charge £514,
Mortgage £1,044*
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, 1st floor apartment *Hauxton, Cambridge *Independent Living *Shared ownership scheme
Description
This 2-bedroom 1st floor apartment is situated in Hauxton, Cambridge, and is available to purchase through the Shared Ownership scheme.
Full Market Value: £375,000
Share Available: 50%
Monthly Rent: £528.88
Monthly Service Charge: £514.42
Remaining Lease Term: 120 years
This property has restricted staircasing at 75%
About the Property
The home is comprised of:
An entrance hall
Living room/Diner
Kitchen
Bedroom 1
Bedroom 2
Jack and Jill Bathroom
Balcony
Communal restaurant
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 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.
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.
Key Features
- Independent living
- Over 55s
- 50% Share Available
- 2 Bedrooms
- Excellent Location
- 3.9 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
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 50%, full price £375,000, £9,375 Min Deposit. Calculated using a representative rate of 5.03%
