£102,500 /Sale price

Shared OwnershipThis superb modern home is available to buy from as little as £102,500 with a 50% share!Located approximately 8 miles north west of Cambridge City centre is this one bedroom second floor apartment with allocated parking. The well presented accommodation comprises, entrance hall, bathroom, double bedroom with built in wardrobe and an open plan kitchen/living space. The property benefits from a 120 year lease. Northstowe offers a variety of amenities and convenient transport links, making it a well-connected and practical location. There are several local grocery stores. Cambridge is approximately 20-30 minutes away by car where there is an array of amenities, shops, bars, cafes and restaurants. From Cambridge, travelling to London by train takes approximately 1 hour 15 minutes. As of June 2025, Northstowe is still in the early stages of development, and many of the planned amenities, including shops, cafes, and other retail facilities, have yet to be established.PRICING & AFFORDABILITYFull Market Value: £205,00050% Share Price: £102,500 (rent £367.82 pcm)Minimum 5% Mortgage Deposit (50% share): £5,125Approximate Service Charges: £137.71 pcm* Lease: 120 yearsELIGIBILITYShared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright although this is not a guarantee.To be eligible for shared ownership you would need to meet the following criteria: Your annual household income does not exceed £80,000 You have a deposit of at least 5% of the share value You do not own another property or have your name on the deeds or a mortgage for a property worldwide. This will be your only residence. You are a permanent UK resident or have indefinite right to remain.*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.** This home can also be purchased outright (100% of the value) which is £205,000 and a purchaser would not need to meet the eligibility criteria listed above.