2 bed semi-detached house for sale in Rule Gardens, Ely CB7, £92,750

92,750.00

Offer Nr.:
66317339
Type of ad:
for Sale
Property type:
2 bed semi-detached house
Bedrooms:
2
Bathrooms:
1
Contact name:
Hastoe Housing - Resale Properties
Phone(s):
020 7768 1214

* Leasehold
* Private garden
* Off street parking
* Central heating
* Double glazing
This two bedroom semi - detached house, is an ideal opportunity to get on to the
property ladder with Hastoe. It is being sold under the shared ownership
scheme whereby you purchase a share in the property and pay a reduced rent on
the remaining Hastoe equity.
EPC= C80
Term remaining on lease: 113 years
Property features:
Two allocated parking spaces
Private garden
Fitted kitchen
Downstairs WC
Gas central heating
Double glazing
Over - bath shower
Kitchen: 2. 13m x 3. 11m
Living room: 2. 77m x 4. 59m
Bathroom: 1. 37m x 1. 90m
Bedroom 1: 3. 46m x 3. 15m
Bedroom 2: 4. 63m x 2. 69m
Garden: 6. 17m x 4. 58m
Purchase Requirements:
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Have a local connection to the area.
Costs:
Full Market Price: £265, 000
Minimum Share: 35%
Share Value: £92, 750
Monthly Rent: £329. 43
Service Charge pcm (including buildings insurance): £31. 83
Total Monthly Charge: £361. 55
Next rental increase: April 2024
Apply online via the Hastoe sales website
What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be
able to purchase a home of their own. This may be because you can’t meet the
full mortgage repayments, save a sufficient deposit, or both. With shared
ownership, you buy a percentage of your home and pay a reduced rent on the
share you don’t own
This property has restricted staircasing to ensure the property remains
affordable for future generations of local people.
How does shared ownership work?
You will buy a percentage share of a home, independently priced at market
value. Hastoe will charge you rent on the share you don’t own plus a service
charge. This service charge covers things like buildings insurance and estate
maintenance.
About Hastoe:
Hastoe owns and manages over 7, 500 homes in 70 local authority areas. Our
properties are predominantly rural and we specialise in providing sustainable
and affordable rural housing to enable local people to remain within their
communities.

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