This very well maintained two bedroom first floor apartment is being offered to the market as a 50% Shared Equity purchase or as a 100% ownership purchase. Located within the very popular village of Great Shelford the property is ideal for those first time buyers looking to get on to the property ladder.
The apartment is held under a 50% shared equity scheme available to owner occupiers. There is a rental charge of 520.94, per month, made payable to Chorus Homes to cover their 50% share. A purchaser can then raise a mortgage for the other 50%. Once in residence, owners can staircase their ownership percentage upwards from the 50% if desired and can ultimately purchase Chorus Homes share completely and own the property outright. For advice on the scheme and obtaining a mortgage please call our Great Shelford office.
This two bedroom apartment is located toward the end of the development on the first floor. The property is accessed via a shared entrance hall which has a telephone entry system. The apartment comprises a wide entrance hallway with a large storage cupboard. The kitchen has a range of base and eye-level units, integrated bowl sink with mixer tap, tiled splash backs and oven with four-ring hob and extractor hood over. There is space for white goods. The L-shaped sitting/dining room offers open views to the rear and a private balcony with space for a table and chair.
There are two bedrooms, one double with built in wardrobes and one single. The re designed family bathroom includes a double walk in shower, low level WC, wash basin and heated towel rail. Outside there is a single allocated, undercroft parking space plus additional visitor spaces, secure bike stores and attractive communal gardens. Abberley Wood is an eagerly sought after development built in 2009 off Granhams Road, superbly positioned within walking distance of Great Shelford's facilities and at the start of the DNA cycleway into Addenbrooke's and to the City.
Buyers for the property have to be qualified by Help To Buy ESE for the shared ownership scheme. Broad criteria below:
Annual gross household income less than 60,000
Do not currently own a home
Do not have any outstanding credit problems
Property must be bought as a primary residence, not a buy-to-let
There is a right to buy additional shares in the property after a period of ownership via BPHA, subject to their conditions.
Great Shelford is just 4 miles south of Cambridge. There is an active village community centre around Woollards Lane where there is a library, dentist, village hall and recreation ground, numerous shops including newsagent, hairdresser, beauty salon, baker, butcher, grocer, marvellous deli and the Health Centre in Ashen Green. The mainline station provides access to Cambridge and London Liverpool Street, and the village is located two miles from Junction 11 of the M11. There is a Church of England Infant and Junior School in the village. The Gog Magog Hills and Golf Club, Wandlebury and the Roman Road are within two miles. Addenbrooke's Hospital is also within easy reach and Stansted Airport is within half an hour's drive (via M11).