Virido

1 - 3 bedroom homes in Foster Rd, Cambridge, Cambridge City, CB2 9JP

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £87,000 for 25% share
Full price from £290,000
Min deposit from £4,350
Monthly rent from TBC
Bedrooms 1-3
Bathrooms 1
Parking 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

VIRIDO is a new development built by award-winning house builders Hill. This new complex of 1, 2 and 3-bed apartments, duplexes and houses are available through shared ownership in Cambridge and have just been awarded the London ECO-Living award at the London Evening Standard new homes award on May 2017. 

Local area information

The grounds around VIRIDO are a hive of activity offering - Hobsons Square - bringing community facilities such as a new community health centre / library / shops and offices. The square will also promote a transport hub, space for food markets and musical events. Country Park - A 120-acre country park, offering woodlands, a bird reserve, 4 ponds, allotments, playing fields and is home to the new secondary school.

Status Plot No. Floor Beds Min share price Eligibility
Available 7 Fowler Second 2 £87,000 View details
Available 11 Fowler Second 2 £112,500 View details
Available 15 Fowler Second 2 £112,500 View details
Available 21 Fowler Fourth 2 £111,000 View details
Available 28 Dobson First 2 £111,000 View details
Available 34 Dobson Second 2 £111,000 View details
Available 38 Dobson Third 2 £111,000 View details
Available 42 Dobson Fourth 2 £111,000 View details
Available 30 Dobson First 2 £111,000 View details
Available 36 Dobson Second 2 £111,000 View details
Available 40 Dobson Third 2 £111,000 View details
Available 44 Dobson Fourth 2 £111,000 View details
Available 17 Fowler Third 2 £112,500 View details
Available 23 Fowler Fourth 2 £112,500 View details
Available 32 Dobson Second 3 £124,500 View details
Available 29 Dobson Ground/First 2 £122,500 View details
Reserved 1 Fowler N/A 1 N/A View details
Reserved 13 Fowler N/A 1 N/A View details
Reserved 19 Fowler N/A 1 N/A View details
Reserved 26 Dobson First/Second 3 £124,500 View details
View More

FAQ's

Min share price from: £87,000 for a 30% share
Full price from: £290,000
Minimum deposit from: £4,350
Monthly rent from: £465
Bedrooms: 2
Bathrooms: 1

There are 16 available ranging from £87,000 for a 30% share to £122,500 for a 25% 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.

Virido

1 - 3 bedroom homes in Foster Rd, Cambridge, Cambridge City, CB2 9JP

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £87,000 for 25% share
Full price from £290,000
Min deposit from £4,350
Monthly rent from TBC
Bedrooms 1-3
Bathrooms 1
Parking 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