Bristol Road, Cambridge, Shared Ownership
![TwoCan, Newent](https://media.rightmove.co.uk/129k/128404/branch_logo_128404_0001.jpeg)
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
3
- BATHROOMS
1
- SIZE
Ask agent
Key features
- 3 bed semi detached house
- 40% Shared Ownership
- 2 Allocated parking spaces
- WC
- Rear garden
Description
Shared Ownership Costs - Shared ownership is a part buy part rent property from Two Rivers Housing.
You purchase a share with the help of a mortgage based on affordability and the minimum share being sold.
Local connection to the area required.
Open Market Value - £300,000
40% Share - £120,000
Rent - £497.13pcm
Building Insurance - £5.21pcm
Entrance Hall - 4.7 x 1.0 (15'5" x 3'3") - Doors leading to kitchen, lounge and WC. Stairs to first floor
Kitchen/ Diner - 4.5 x 2.3 (14'9" x 7'6") - Fully fitted kitchen with range of fitted wall and base units, worktops, sink unit with mixer tap. Space for fridge/freezer and washing machine. Window to front elevation. Dining area.
Lounge - 4.7 x 3.8 (15'5" x 12'5") - Patio doors to rear garden and storage cupboard.
Wc - 2.0 x 0.9 (6'6" x 2'11") - White wash hand basin and low level WC, window to front elevation.
First Floor -
Landing - Doors leading to 2 bedrooms, bathroom and door to stairwell up to second floor
Bedroom 2 - 4.7 x 2.9 (15'5" x 9'6") - Window to front elevation.
Bathroom - 2.3 x 2.0 (7'6" x 6'6") - White suite comprising of wash hand basin, low level WC and bath with shower over. Window to side elevation
Bedroom 3 - 3.0 x 2.6 (9'10" x 8'6") - Window to front elevation.
Second Floor -
Bedroom 1 - 4.4 x 3.6 (14'5" x 11'9") - Velux windows to rear elevation with far reaching views. Loft space storage.
External - Allocated parking for 2 cars. Front and rear gardens.
How Does Shared Ownership Work? - If you bought a home on the open market, you would agree a purchase price through an estate agent. Then you would take out a mortgage to cover the total purchase price of the property minus any deposit you might have available.
With Shared Ownership, the price of the property is fixed at the open market value, as assessed by a qualified valuer. You borrow just enough to cover the share you are buying. This is referred to as equity share.
The equity share amount will be an amount that you can afford, as set out under government guidelines. The total monthly cost of the rent, plus your
mortgage, will be lower than the monthly cost if you bought the property outright with a mortgage.
For legal reasons, while you are only buying a part-share of the property, you will have a leasehold interest. However, you may buy further shares. This is called ‘staircasing’, and may
eventually progress to outright ownership.
Buy Back Lease - In some rural areas properties must be always available for shared ownership. This means if you buy over 80% of the share of the property, the freeholder (or other Housing association) must buy your property back (at market value) if you wish to sell on.
Two Rivers Housing - TwoCan estate agents are advertising this property on behalf of Two Rivers Housing. Two Rivers Housing are the owners of Twocan and the Centigen brand.
Disclaimer - All measurements are approximate. We have not checked the serviceability of any appliances, fixtures or utilities (i.e. water, electricity, gas) which may be included in the sale. We cannot guarantee building regulations or planning permission has been approved and all prospective purchasers should satisfy themselves on these points prior to entering into a contract. Consumer Protection from Unfair Trading Regulations 2008. The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Brochures
Bristol Road, Cambridge, Shared OwnershipBrochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Bristol Road, Cambridge, Shared Ownership
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cam & Dursley Station0.9 miles
- Stonehouse Station3.8 miles
About the agent
TwoCan starts from a position of strong values and ethical working practices.
We are firmly committed to achieving results for our customers but, as an agency which is wholly owned by a housing charity, we also believe in working with honesty, integrity and transparency, and doing things in the right way.
Our agents have many years? experience of working in sales and lettings, with particular expertise in Shared Ownership ? guiding potential purchasers through the process to achie
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 33227812. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by TwoCan, Newent. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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