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£126,000 Guide Price
Bedrooms
Bathrooms
This modern and energy-efficient home presents an excellent opportunity for buyers looking to step onto the property ladder in the sought-after village of Comberton. With its high-quality finish, spacious interiors, and south east facing garden, it provides comfortable living in a well-connected location. The combination of low running costs, ample parking, and shared ownership affordability makes this a highly attractive offering.
Entering the property, you are welcomed into a hallway with doors leading to all rooms and stairs rising to the first floor. The kitchen is situated at the front of the property and features modern wall and base units with stylish work surfaces. It includes an integrated fridge/freezer, a sleek hob with an extractor above, and space with plumbing for a dishwasher.
The spacious living/dining room extends across the rear of the property, benefiting from its south east facing aspect, which floods the space with natural light. This area provides a versatile and inviting setting for both relaxation and entertaining. Additionally, there is a useful understairs storage cupboard, offering practical space for household essentials.
The first floor features two generously sized bedrooms. The principal bedroom is located at the front of the property and benefits from an alcove area, ideal for wardrobes or a dressing space. Bedroom two is positioned at the rear and enjoys plenty of natural light from its three windows, making it a versatile spaceperfect as a guest room or a home office.
The family bathroom is fitted with a modern three-piece suite, including a bath with an overhead shower, a wash basin, and a WC, all finished to a high standard with window.
The propertys heating is efficiently supplied by a modern heat pump, ensuring a low-cost and energy-efficient home. Its contemporary construction methods provide excellent insulation, helping to retain heat and maintain a comfortable living environment year-round.
The rear garden is a fantastic space for both relaxation and entertaining. A large patio area extends from the living room, providing the perfect spot for outdoor dining or lounging in the sun. A pathway leads around to the shed and side gate, ensuring easy access and additional storage. The garden is primarily laid to lawn and is enclosed by panel fencing.
The property is sold as a shared ownership home, with the buyer purchasing 30% ownership, while South Cambs Council retains the remaining 70%. Full ownership is capped at 80%. The rent for the 70% share is 783.43 per month. There is also an estate charge of 330 per annum, which contributes to the upkeep of the estate. The property has a leasehold with a remaining term of 121 year. It was granted 125 years in 2021 when built.
Agents note: 4. There is a local connection requirement associated with your property any potential purchase must have a local connection to Toft or Comberton.
Comberton is a larger village located about 6 miles west of Cambridge, with the centre set around a pretty village duck pond.
The village offers an excellent range of facilities and amenities including a Co-op, shop / post office as well as schooling provision from pre-school up to the age of 18 years. The outstanding Ofsted rated Village College has an adjoining Community Leisure and Health & Fitness facility and there is a doctors surgery, dentist, public house, hairdresser and a large recreation ground.
For the commuter the access point at junction 12 for the M11 is close-by and there is a cycle-path from the village to the city.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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