Moorfield

2 bedroom homes in Woodhall Lane, Cambridge, Lewisham, CB21

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £262,500 for 75% share
Full price from £305,000
Min deposit from £13,125
Monthly rent from TBC
Bedrooms 2
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

2x Two-bedroom bungalow for sale £262,500 for 75% fixed equity 

Moorfield Development by the award-winning builder Hill 
£262,500 for fixed equity share 75%, full market value is £350,000 
Estimated service Charge - TBC 

The spacious and well-presented home comprises of an entrance hall with both bedrooms located at the front of the property; bedroom 1 (double, to the left) and bedroom 2 (single, to the right). Further in the hall, there is a three-piece family bathroom with bath/shower, a storage cupboard and a fitted kitchen. The kitchen to be fully fitted with a range of built-in cabinets incorporating a range of domestic appliances. Towards the end of the hallway, a living room/diner is located with rear door entry to the private garden. 

The properties do not have a gas supply, the bungalows are set to have wet underfloor heating systems supplied from electric air source heat pumps. 

Two new two bedroomed bungalows in Great Abington, available March/April 2018. Marketing name is 'Moorfield' please quote this name when enquiring. The Moorfield development consists of 20 new homes across the new build development. 

Local area information

These properties are perfectly suited to somebody looking to downsize, with the quiet local area, the village comprises of a local shop and primary school, full facilities are available in the surrounding areas. By road; easy access to the A1307, A11 and M11 providing quick links to Cambridge and surrounding areas. 

Status Plot No. Floor Beds Min share price Eligibility
Available 2 N/A 2 £262,500 View details
Available 1 N/A 2 £262,500 View details

FAQ's

Min share price from: £262,500 for a 75% share
Full price from: £305,000
Minimum deposit from: £13,125
Bedrooms: 2
Bathrooms: 1

There are 2 available ranging from £262,500 for a 75% share to £262,500 for a 75% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Moorfield

2 bedroom homes in Woodhall Lane, Cambridge, Lewisham, CB21

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £262,500 for 75% share
Full price from £305,000
Min deposit from £13,125
Monthly rent from TBC
Bedrooms 2
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes