Paragon

1 - 3 bedroom homes in Paragon, Trumpington, Cambridge, Cambridge City, CB2 9BW

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £150,000 for 50% share
Full price from £300,000
Min deposit from £7,500
Monthly rent from £344
Bedrooms 1-3
Bathrooms 1 - 2

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

Paragon , Cambridge is made up of 1, 2 and 3 bedroom apartments now available through shared ownership in Cambridge.

Local area information

Paragon at Great Kneighton is located to the east of Trumpington on the southern edge of Cambridge and is easily accessible from the M11 junction 11. This vibrant development benefits from new schools, shopping facilities, recreational grounds and vastly improved transport links including extensive, purpose built cycle way routes and footpaths. Trumpington Park and Ride is only 5 minutes away - an easy alternative route to the centre of Cambridge and the railway station. King's Cross is just 47 minutes away by train and Stansted airport just 30 minutes by train. So, if you're looking for a new home with excellent commuter links, your search ends here!

Status Plot No. Floor Beds Min share price Eligibility
Available Amber House - 1 bed 611 1 £120,000 View details
Available Amber House - 2 bed 566 2 £158,000 View details

FAQ's

Min share price from: £120,000 for a 40% share
Full price from: £300,000
Minimum deposit from: £7,500
Monthly rent from: £413
Bedrooms: 1
Bathrooms: 1

There are 2 available ranging from £120,000 for a 40% share to £158,000 for a 40% 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.

Paragon

1 - 3 bedroom homes in Paragon, Trumpington, Cambridge, Cambridge City, CB2 9BW

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £150,000 for 50% share
Full price from £300,000
Min deposit from £7,500
Monthly rent from £344
Bedrooms 1-3
Bathrooms 1 - 2

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