3 Miles from Royston City Centre and Railway Station
Available from 40% share
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*shared ownership* Brand New 2 Bedroom Terraced Property, available from 40% Share. Located on the desirable Bassingbourn Reach Development built by the highly regarded CALA Homes. Within 3 miles of both Royston City Centre and Royston Railway Station.
Elevation are selling these homes on behalf of Sage Housing through Shared Ownership. Shared ownership gives those who do not own their own home the opportunity to become home owners.
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
The rental value reduces accordingly based on the share that you purchase. Shares on the development start from 40% (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
The property is located in the highly sought after village of Bassingbourn, a desirable village on the fringe of Royston, so has good access to Royston City Centre, Royston Railway Station, the A10 and A505. Bassingbourn has both a Primary and Secondary school as well as many sports groups and community groups and Village amenities.
The accommodation consists of an Entrance Hall, downstairs WC, Kitchen to the front of the property with built in appliances and 4 ring hob, generously sized Lounge/Diner with patio doors leading to the Rear Garden. Upstairs you have 2 good sized bedrooms and a generously sized Family Bathroom. The property further benefits with off road parking for 2 cars.
Please see below a breakdown of the estimated costs of purchasing this property ;
The Full Market Value is - £335,000
The Estimated Service charge is £33.03 per month (£396.31 p.a)
The length of the Lease is 125 Years.
If a 40% Share was purchased (£134,000) the rent payable on the unowned share would be £460.63 per month.
If a 50% Share was purchased (£167,500) the rent payable on the unowned share would be £383.85 per month
If a 75% Share was purchased (£251,250) the rental payable on the unowned share would be £191.93 per month Lounge
4.57m x 5.57m (max) (15' 0" x 18' 3") Kitchen
2.38m x 2.8m (7' 10" x 9' 2") Master bedroom
4.6m x 3.9m (max) (15' 1" x 12' 10")
bedroom 2 2.32m x 4.67m (7' 7" x 15' 4") Family bathroom
Property descriptions and related information displayed on this page are marketing materials provided by Elevation Estate Agents. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Elevation Estate Agents for full details and further information.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.