This excellent home is located in Trumpington, Cambridgeshire and is available to purchase at a 40% share.
Full Market Value: £465,000
Share Available: 40%
Monthly Rent: £707.72
Monthly Service Charge: £22.23
Remaining Lease Term: 121 years
About the Property
As you enter into the property and the entrance hallway, the lounge is on your left. The lounge has a large full-length window providing excellent natural light. To the back of the lounge is the kitchen/diner. The kitchen is modern and includes an integrated fridge/freezer, hob, oven and hood with lots of storage space. The worktops are a dark wood effect and there is a window above the sink. There is access to the downstairs WC and rear, private garden from the kitchen/diner.
At the top of the stairs on the first floor, is the main bathroom. This is fully fitted with a WC, wash basin and shower over bath. Next is bedroom two which is spacious and features a floor to ceiling window. Further down the hallway is bedroom one which fits a double bed, includes a large window and cupboard. At the end of the hallway is an extra space which is currently being used as a study.
This property also includes a private driveway to the front of the home and all main services are connected.
About the Area
Trumpington is a village and former civil parish on the outskirts of Cambridge, England, on the southwest side of the city bordering Cherry Hinton to the east, Grantchester to the west and Great Shelford and Little Shelford to the southeast. 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. Trumpington is the home of a Park and Ride into Cambridge City Centre. The River Cam runs through the village, there are many outdoor spaces, schools and shops.
This property is located near a bus stop, Long Road Sixth Form and Addenbrooke's Hospital. The drive to Cambridge is less than 5 miles, and the city offers a large variety of excellent activities, leisure, shopping and history.
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 40% 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.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
All applicants will need to be approved by Help to Buy at their website.