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

SHARED OWNERSHIP - Introducing Plot 219, a brand-new two-bedroom detached House to purchase from a 25% share at £112,500 with a deposit of £5,625.00. A maximum amount available to purchase initially is 75%. Full market value £450,000, offering contemporary living within the sought-after Springstead Village development.

The Property

Beautifully designed two-bedroom maisonette offering approximately 861 sq ft of well-planned accommodation arranged over two floors, available through Shared Ownership.

Designed with modern living in mind, the ground floor features a spacious open-plan kitchen, dining and living area, creating a bright and versatile space for everyday life, entertaining and relaxing. The home also benefits from a convenient cloakroom, useful storage space and access to a private balcony, providing an attractive outdoor extension to the living area.

Upstairs, you'll find two generously proportioned bedrooms, complemented by a contemporary family bathroom and additional built-in storage. A private terrace offers a further outdoor space to enjoy, making this an ideal home for first-time buyers, professionals or those looking for extra flexibility.

Life at Springstead Village

Located within the sought-after Springstead Village development, Plot 219 enjoys an enviable position close to the popular village of Cherry Hinton. Combining a welcoming community atmosphere with beautifully designed homes and green open spaces, Springstead Village offers the perfect balance between relaxed village living and the convenience of nearby Cambridge.

Residents benefit from a range of local amenities, including shops, cafés, leisure facilities and everyday services, while Cambridge city centre is within easy reach, providing an outstanding selection of shopping, dining and cultural attractions.

A Connected Lifestyle

Perfectly positioned for commuters and city professionals, Springstead Village offers excellent access to Cambridge's transport network, major road links and railway connections. Surrounded by attractive green spaces yet within easy reach of the city, this thriving new community provides an exceptional place to call home.

Financial Breakdown

25% share value: £112,500

Rent charged on the unowned share: 2.75%

Rent on unowned share (75%): £773.44 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 £112,500 is a 25% share (total open market value being £450,000) £773.44 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 £928.13 per month, a 75% share will equate to £257.81 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.