This 2 bedroom ground floor apartment is situated in Trumpington, Cambridge, and is available to purchase through the Shared Ownership scheme.
Full Market Value: £385,000
Share Available: 30%
Monthly Rent: £650.95
Monthly Service Charge: £130.94
Remaining Lease Term: 122 years
About the Property
As you enter the property you will be in the entrance hallway. Immediately to your left is a large storage cupboard, with the spacious kitchen/living room just beyond that. The kitchen lines one wall, with plenty of cupboard and counter space, an integrated oven with hobs and a hood extractor fan, and a washing machine. The rear wall features a large floor to ceiling window, with the back door leading to the terrace and communal gardens.
At the end of the entrance hallway is the modern style bathroom, with bath and shower facilities. Neighbouring the bathroom is the spacious master bedroom, with another floor to ceiling window. The second bedroom is next door, which is also a great size and has another large window. Both bedrooms are carpeted, with fitted flooring through the rest of the apartment.
All main services are connected to the property.
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. This property has a 30% 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.