Northstowe

Cambridge, CB24 1AS

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Starting from price £168,750 for 45% share

Overview

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The beautiful new build home offers a large family room, dining room and kitchen on the ground floor with doors leading to the rear garden. On the first floor, you have a living room to the rear of the home, family bathroom and study/4th bedroom. On the second floor, you have bedrooms 2 and 3 facing the garden and bedroom 1 to the front of the home which features built-in wardrobes and an en-suite bathroom. The home also comes with allocated parking and multiple storage areas.

Pricing and Affordability: The share options below are based on the full market value of £375,000 40% Share £150,000 – Rent £515.63 pcm 50% Share £187,500 – Rent £429.69 pcm 75% Share £281,250 – Rent £214.84 pcm In addition, you will pay a service charge of approximately £55.38 monthly Shared Ownership The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront 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 on the share 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. At Northstowe, you can buy a minimum 40% share of your home (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 SO Hub is selling the homes on Northstowe development on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high-quality affordable homes across England.

IMPORTANT NOTE TO PURCHASERS: We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

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Key features

  • Integrated oven, hob and extractor
  • Fridge/Freezer
  • Ensuite to Bedroom 1
  • Allocated parking
  • Rear garden
  • Fitted flooring
  • Gas central heating
  • Double glazing
Northstowe development gallery image

Location

Northstowe will have a buzzing town centre with a range of retail outlets all designed around an attractive, open-plan square. The nearby villages of Longstanton and Willingham have local shops, a post office and convenience stores and there's a 24 hour Tesco Extra four miles away at Bar Hill. Northstowe will be a complete community with a network of cycling and walking routes, electric vehicle charging points, plus a new link road connecting the town centre to the A14. For city shopping, Cambridge is a short drive away offering daily markets, independent retailers and three shopping centres. The Grand Arcade with its flagship John Lewis has 60 famous name stores and the nearby Lion Yard Shopping and The Grafton provide more choice. If you fancy some retail therapy in Oxford Street, London is just over an hour by train.

Travel times

  • 10 Mins Tesco Extra , Bar Hill
  • 22 Mins Cambridge Centre

Availability

Key features

  • 3 bedroom Semi-Detached House
  • Integrated oven, hob and extractor
  • Fridge/Freezer
  • En-suite in Bedroom 1
  • Allocated parking
  • Rear garden
  • Flooring throughout
  • Gas central heating
  • Double glazing

Affordability Calculator

Not sure what you can afford to buy with Shared Ownership? We'll help you work out the costs with our handy affordability calculator tool.

Disclaimer

The figures and estimates shown in this calculator should not be relied on as confirmation of affordability and should only be used as an indicative guide to monthly costs. The monthly rental cost is based on 2.75% on the retained equity. This will usually increase by the annual rate of RPI. The monthly mortgage cost is based on a Variable Rate Mortgage at 3% over a 25-year repayment loan. Other costs will apply such as service charge. Sage Housing is not authorised or regulated by the Financial Conduct Authority to provide financial advice. You should always seek advice and recommendations from an independent financial advisor regarding mortgage products, affordability, interest rates, repayment methods and terms and conditions. You should also seek independent legal advice. Your home may be repossessed if you do not keep up payments on a mortgage or any other loan secured against it.

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