Shared Ownership
This superb modern home is available to buy from as little as £237,000 with a 60% share!
Situated in the sought-after village of Sawston, this well-proportioned family home offers nearly 1,000 sq ft of versatile accommodation. The ground floor features a welcoming entrance hall with cloakroom/WC, a spacious reception room and a generous kitchen/dining room spanning the width of the property with direct access to the rear garden. Upstairs, there are three well sized bedrooms, with a modern family bathroom. Externally is an enclosed rear garden with off road parking at the back of the house.
Sawston is one of South Cambridgeshire's most desirable villages, offering an excellent range of amenities including shops, cafés, supermarkets, healthcare facilities, highly regarded primary and secondary schools, and a leisure centre. The village enjoys a strong community feel whilst being surrounded by attractive countryside, making it a popular choice for families and commuters alike.
The property is exceptionally well placed for transport links, with Whittlesford Parkway railway station approximately 2 miles away, providing regular services to Cambridge and London Liverpool Street. Cambridge city centre is around 7 miles away, while the M11 (Junction 10) offers convenient road access to London, Stansted Airport and the wider motorway network.
PRICING & AFFORDABILITY
Full Market Value: £395,000
60% Share Price: £237,000 (rent £440.91pcm)
Minimum 5% Mortgage Deposit (60% share): £11,850
Approximate Service Charges: £85.69pcm*
Lease: 107 years remaining
ELIGIBILITY
Shared 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 £395,000 and a purchaser would not need to meet the eligibility criteria listed above.
