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Brand New Terraced Property
Award Winning Developer
10 Years NHBC Warranty
Integrated Kitchen Appliances
Parking for 2 Cars
3 Miles from Royston City Centre and Railway Station
Available from 40% share
*shared ownership* Brand New 2 Bedroom Terraced Property, available from 40% Share. Located on the desirable Bassingbourn Reach Development built by the highly regarded CALA Homes. Within 3 miles of both Royston City Centre and Royston Railway Station.
Elevation are selling these homes on behalf of Sage Housing through Shared Ownership. Shared ownership gives those who do not own their own home the opportunity to become home owners.
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
The rental value reduces accordingly based on the share that you purchase. Shares on the development start from 40% (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
The property is located in the highly sought after village of Bassingbourn, a desirable village on the fringe of Royston, so has good access to Royston City Centre, Royston Railway Station, the A10 and A505. Bassingbourn has both a Primary and Secondary school as well as many sports groups and community groups and Village amenities.
The accommodation consists of an Entrance Hall, downstairs WC, Kitchen to the front of the property with built in appliances and 4 ring hob, generously sized Lounge/Diner with patio doors leading to the Rear Garden. Upstairs you have 2 good sized bedrooms and a generously sized Family Bathroom. The property further benefits with off road parking for 2 cars.
Please see below a breakdown of the estimated costs of purchasing this property ;
The Full Market Value is - £335,000
The Estimated Service charge is £33.03 per month (£396.31 p.a)
The length of the Lease is 125 Years.
If a 40% Share was purchased (£134,000) the rent payable on the unowned share would be £460.63 per month.
If a 50% Share was purchased (£167,500) the rent payable on the unowned share would be £383.85 per month
If a 75% Share was purchased (£251,250) the rental payable on the unowned share would be £191.93 per month
For more information about this property, please contact Elevation Estate Agents, CB5 on +44 1223 801742 * (local rate)
Contact Elevation Estate Agents about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Elevation Estate Agents, and do not constitute property particulars. Please contact Elevation Estate Agents for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.