Bower Place

2 - 3 bedroom homes in Newton Close, Cambridge, South Cambridgeshire, CB24 8AQ

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £126,000 for 40% share
Full price from £315,000
Min deposit from £6,300
Monthly rent from £433
Service charge from £68
Bedrooms 2-3
Bathrooms 1
Parking 1
Pets TBC
Energy efficiency rating B

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

Viewings available!
Register your interest to be contacted by a sales advisor

2 and 3 bedroom houses for shared ownership, part-buy part-rent in the popular village of Cottenham 

Modern white kitchen with oven, hob and extractor fan

Carpet to bedroom and living areas with vinyl flooring to kitchen and bathroom 

White bathroom suite with over-bath shower and glass shower screen

Downstairs cloakroom 

Private garden with shed

Off street parking - Driveway

Local area information

The development will become a thriving community of just 50 new homes. Surronded by open countryside and within a mile of local ameneties, Oakington is less than 8 miles from Cambridge.

Waterbeach railway station is a 12 minute drive away with connections to Cambridge in 6 minutes, Ely in 10 minutes and London Kings Cross in just 59 minutes, Close to the A14 and A10 with the A1(m) within 30 minutes. Stansted Airport is a comfortable 40 minutes drive away. 

Complete Moves are selling these homes on behalf of Sage Housing* through Shared Ownership. With shared ownership you can buy a share of a home using a mortgage from a bank or building society and pay a subsidised rent on the remaining share. The combined mortgage and rent is normally less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you own 100% of your home. Shares on the development start from 40%.

Full market value: £315,000

40% Share: £126,000 (Monthly rent: £433.13 pm)

50% Share: £157,500 (Monthly rent: £361 pm)

60% Share: £189,000 (Monthly rent: £289pm)

75% Share: £236,250 (Monthly rent: £180.46 pm)

Estimated monthly service charge: £187

Sage Housing is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Housing visit www.sagehousing.co.uk

Status Plot No. Floor Beds Min share price Eligibility
Available 6 House 2 £126,000 View details
Available 7 House 2 £126,000 View details
Available 30 House 3 £154,000 View details

FAQ's

Min share price from: £126,000 for a 40% share
Full price from: £315,000
Minimum deposit from: £6,300
Monthly rent from: £433
Bedrooms: 2
Bathrooms: 1

There are 3 available ranging from £126,000 for a 40% share to £154,000 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.

Bower Place

2 - 3 bedroom homes in Newton Close, Cambridge, South Cambridgeshire, CB24 8AQ

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £126,000 for 40% share
Full price from £315,000
Min deposit from £6,300
Monthly rent from £433
Service charge from £68
Bedrooms 2-3
Bathrooms 1
Parking 1
Pets TBC
Energy efficiency rating B

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