Edward Grange Street, Cambridge, Cambridgeshire, CB1 Property for sale

SHARED OWNERSHIP - Introducing Plot 204, a brand-new one-bedroom first-floor apartment to purchase from a 35% share at £112,875 with a deposit of £5,643.75. A maximum amount available to purchase initially is 75%. Full market value £322,500, offering contemporary living within the sought-after Springstead Village development.

The Property

Designed to maximise space and natural light, the apartment features a spacious open-plan kitchen, living and dining area, creating the perfect environment for modern living. Doors open directly onto a private balcony, providing an attractive outdoor space to relax and unwind.

The well-proportioned bedroom is complemented by a stylish bathroom and practical storage throughout, making this an ideal home for first-time buyers.

Life at Springstead Village

Located on the edge of the popular village of Cherry Hinton, Springstead Village offers the perfect balance between city convenience and green open spaces. This vibrant new community provides a highly desirable setting for those looking to enjoy everything Cambridge has to offer while benefiting from a more relaxed residential environment.

Cherry Hinton has evolved into one of Cambridge's most sought-after locations, offering an excellent range of everyday amenities including supermarkets, health centres, leisure facilities, local shops and cafés. Residents also benefit from easy access to a Tesco Superstore and a variety of essential services close to home.

Green Spaces and Local Lifestyle

Springstead Village is ideally positioned to enjoy some of the area's most attractive green spaces. Nearby Cherry Hinton Hall Park provides a beautiful setting for walking, recreation and family outings, while Cambridge's renowned parks and gardens are all within easy reach.

From the picturesque riverside walks along Midsummer Common to the world-famous Cambridge University Botanic Garden, residents can enjoy an abundance of outdoor spaces alongside the rich culture, dining and shopping opportunities that make Cambridge such a desirable place to live.

Excellent Connectivity

Well connected to Cambridge city centre and the surrounding road network, Springstead Village provides convenient access for commuters, professionals and first-time buyers alike, making it an excellent choice for those seeking a modern home in a thriving community.

Financial Breakdown

35% share value: £112,875

Rent charged on the unowned share: 2.75%

Rent on unowned share (65%): £480.39 per month.

What is Shared Ownership?

If you can't afford the mortgage or deposit on 100% of a home, Shared Ownership offers you the chance to buy a share of your home and pay rent on the remaining share. Later, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Please contact Tucker Gardner Histon to see if you qualify for shared ownership.

Agent notes:

**Offer available on selected plots only. Please speak to the Sales Team for full terms and conditions

Please note the listing price shown of £112,875is a 35% share (total open market value being £322,500) £480.39 rent is payable per month on the remaining share. This property can be purchased at a maximum of 75% first tranche. Purchasers can staircase up to 100%. Rent will be payable on the remaining share (for example, a 10% share will equate to £665.16 per month, a 75% share will equate to £184.77 per month). The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial qualification. Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord.

Images are for illustrative purposes only and may include alternative house types and/or AI-enhanced dressing. Specifications, layouts and finishes may vary and are subject to change. Buyers should satisfy themselves as to the final specification during the conveyancing process.