Shared Ownership in Cambridge, Cambridgeshire 3 bedroom House

  • £300,000

    Equity share: 40% / £120,000

United Kingdom, England, Cambridgeshire, CB23 6BX, Cambridge, Lower Cambourne
For Sale Shared Ownership

Shared Ownership in Cambridge, Cambridgeshire 3 bedroom House

United Kingdom, England, Cambridgeshire, CB23 6BX, Cambridge, Lower Cambourne
  • £300,000

    Equity share: 40% / £120,000

Property Overview

  • House
  • Property Type
  • 3
  • Bedrooms
  • 1
  • Bathroom

Property Description

We are pleased to bring to the market this 3 bedroom House Shared Ownership. It is situated in Cambridge, Cambridgeshire and is available now.

 

18 Woolthwaite Lane, Lower Cambourne

Cambourne is located within South Cambridgeshire comprising the three villages of Great Cambourne, Lower Cambourne and Upper Cambourne. The nearest main line train station is St Neots, approximately 8.5 miles away, where you can get a direct train to Kings Cross within 43 minutes. In Cambourne there are excellent public transport services available with regular busses to Cambridge, St Neots and St Ives. Within Cambourne itself you have a number of local amenities including Morrison’s, Greens Coffee Shop, the Monkfield Arms, with a number of eateries and shops available. Schooling includes Monkfield Park Primary School, The Vine Inter Church School, Jeavons Wood Primary School and Hardwick and Cambourne Primary School. All of which are in the catchment for Comberton Village College and Cambourne Village College.

 

Viewings

The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Ella Flack

Seller Contact Details: ella_898@hotmail.co.uk or 07595329561

As a shared ownership home, you will need to be eligible for Shared Ownership.

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household – for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Please take note of the minimum income, £36,351and minimum deposit £6000 or this property.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.

Please let us know if you need any further information and good luck with your viewing.

‘Please note, the majority of our shared ownership homes undergo a rent review in April 2024.  The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent.  We will confirm the exact changes to the rent for this property as part of the sales process.’

Property Address

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  • Address United Kingdom, England, Cambridgeshire, CB23 6BX, Cambridge, Lower Cambourne
  • City Cambridge
  • County Cambridgeshire
  • Postal Code CB23 6BX

Details

Updated on January 29, 2024 at 7:30 pm
  • Property ID: MS-118505
  • Rental Amount Per Month: £285/Month
  • Bedrooms: 3
  • Bathroom: 1
  • Property Type: House
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 31.61
  • Value Of The Equity Share: 40% / £120,000
  • Overall Property Value: £300,000
  • Tenure: Leasehold

Contact Stonewater Homes Resales about: Shared Ownership in Cambridge, Cambridgeshire 3 bedroom House

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