Bower Place Cottenham Cambridge
75% Shared Ownership Property
Modern brand new two and three bedroom homes available for Shared Ownership, part-buy part-rent near the popular village of Cottenham, Cambridge. Reserve today and exchange before 9th April and complete before 30th April to qualify for great incentives from Sage Housing!! (full T&C's can be found below).
Become part of this thriving new community of just 50 new homes, surrounded by open countryside and within a mile of local amenities at Cottenham with a local greengrocer, pharmacy, bakery and supermarket, as well as a primary and secondary school and a gp's surgery. If you are wanting more choice the beautiful historical city of Cambridge with a riverside setting is less than 8 miles away, offering a variety of high street stores, a bustling market selling local produce, and plenty of of places to eat and drink. Enjoy a punt along the River Cam, a bicycle ride taking in the atmosphere of the city or a stroll around the Botanical Gardens all on your doorstep!
Waterbeach railway station is a 12 minute drive away with connections to Cambridge in 6 minutes, Ely in 10 minutes and London Kings Cross in just 59 minutes, close to the A14 and A10 with the A1 (m) within 30 minutes. Stansted Airport is a comfortable 40 minutes drive away.
About your Home - 2 Bedroom set over approx. 79.2 sqm / 852 sq ft
Your newbuild 2 bedroom home benefits from a 10 year NHBC warranty and is fitted with a contemporary white kitchen, with integrated Zanussi appliances: electric oven, gas hob with stainless steel splash back and chimney cooker hood. There is a 1.5 bowl sink with mixer tap, and space for a fridge freezer and washing machine. The bathroom and cloakroom have white sanitary ware by Roca with white ceramic tiles to basin splashback and full height around bath, which includes a glass shower screen. Neutral carpet is provided throughout with hard wearing vinyl flooring to the kitchen, bathroom and cloakroom.
Upstairs, along with the spacious family bathroom, your home offers generous sized bedrooms: Bed 1 approx. 4.7m x 4.3m; Bed 2 approx. 2.5m x 4.8m; Downstairs there is cloakroom and spacious living/dining room set over approx. 4.7m x 4.3m with doors opening onto the good sized turfed and paved garden which has its own shed, and a separate kitchen set over approx. 2.7m x 2.6m. Private parking is adjacent to your home.
Pricing and affordability
Full Market Value £315,000
25% share £78,750
Monthly rent £541
Service charge £68
50% share £157,500, monthly rent £361;
60% share £189,000, monthly rent £289;
75% share £236,250, monthly rent £180
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 on the share you did not purchase. The combined mortgage and rent is usually less than youd expect to pay if you bought a similar property outright.
At Bower Place, you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings. When youre ready, you can buy more shares until you staircase to owning 100% of your home.
Sage Incentives T&C's
*Sage Housing will contribute a maximum of 2.5% of a 40% share of the full price of the property. Offer only valid on selected plots, other plots are available. **The legal cost contribution will only be made if a recommended solicitors is used. The purchase is subject to exchange of contracts by 9th April 2020 and legal completion by 30th April 2020. In addition to this Sage are offering £500** towards your legal fees and you can reserve this home for £99!
Offer valid on selected plots. Full T&Cs can be found below.
Sage Housing is a Registered Provider committed to providing high-quality affordable homes across England. For more information on Sage Housing visit www.sagehousing.co.uk
2 allocated parking spaces adjacent to your home
Separate modern white kitchen with oven, hob and extractor fan
Carpet to bedroom and living areas with vinyl flooring to kitchen and bathroom
White bathroom suite with over-bath shower and glass shower screen
Private turfed garden with shed