This 2-bedroom apartment is situated in Trumpington, Cambridge, and is available to purchase through the Shared Ownership scheme.
Full Market Value: £385,000
Monthly Service Charge: £66.37
Monthly Rent: £529.38 based on a 40% share
All applicants will need to be registered and approved by Help to Buy - this can be done on their website 'Help to Buy Agent 3'.
About the Property
This property is comprised of:
An entrance hall
Open plan living room/diner/kitchen
Balcony
Two bedrooms
Bathroom
Communal gardens
It features an allocated car parking space.
All main services are connected and there is gas-fired radiator central hearing.
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.
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. Initial shares of between 25% and 75%** of our properties are available, you will pay a subsidised rent on the remaining share.
*Properties are offered as leasehold.
**Shares offered are maximised based on an affordability basis.
***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. Rent/Service Charge are an estimate.