2 bedroom house for sale
Strawberry Field, Witchford, Ely, CB6 2LU
Share percentage 35%, full price £285,000, £9,975 Min Deposit.
Share percentage 35%, full price £285,000
Monthly Cost: £1,055
Rent £510, Service charge £23, Mortgage £522*
Calculated using a representative rate of 4.94%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A smartly-presented property which forms one end of a recently-constructed, three-house terrace in the village of Witchford. There is a cloakroom/WC just off the entrance hall and a good-sized reception room with built-in storage cupboard and separate dining area. From here you can access the attractive kitchen and a south-facing garden with patio and lawn. On the first floor of the house is a full-width main bedroom plus a spacious second double bedroom and a stylish, naturally-lit bathroom. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system have resulted in a very good energy-efficiency rating. A gate at the rear of the garden leads to an off-street parking area which includes two spaces allocated to this property. Ely's beautiful city centre is only a short drive away and Cambridge is also within easy reach. The house is held on a very long lease with the freehold transferrable on 100% ownership.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £285,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/bdzfubpb]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (990 years from 01/02/2022). Freehold transferred on 100% ownership.
Minimum Share: 35% (£99,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £510.15 per month (subject to annual review).
Service Charge: £23.48 per month (subject to annual review).
Guideline Minimum Income: Dual - £31,100 | Single - £37,000 (based on minimum share and 10% deposit).
Council Tax: Band C, East Cambridgeshire District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
Key Features
- Guideline Minimum Deposit £9,975
- Guide Min Income Dual £31.1k | Single £37k
- Two Storey, End of Terrace House
- Approx. 874 Sqft Gross Internal Area
- Reception plus Separate Dining Area
- Two Spacious Bedrooms
- Bathroom plus Downstairs WC
- Very Good Energy Efficiency Rating
- South Facing Rear Garden
- Two Off-Street Parking Spaces
Particulars
Tenure: Leasehold
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan BrochureThe ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
- Service Charge: covers maintenance costs for the property as a whole and communal areas
- Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.
NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.
Share percentage 35%, full price £285,000, £9,975 Min Deposit. Calculated using a representative rate of 4.94%
Calculate estimated monthly costs
