Newnham Chase
Ely, Littleport
£62,500
£62,500
Tenure: Leasehold
Ref: ELY109321
- 'home of the month - reserve for only £99 and receive £1,000 on completion!' - see agents note
- Brand new 2 bedroom home available through shared ownership
- Tandem driveway parking to the rear
- Sought after quantum fields development in littleport
- Vinyl flooring included to wc, kitchen and bathroom
- Turfed rear gardens
- Less than 5 miles from ely read more show less
monthly mortgage estimate
COOPER ONE-BRAND NEW 2 BEDROOM MID-TERRACED PROPERTY AVAILABLE THROUGH SHARED OWNERSHIP Shares available from 25%-75%, price advertised represents a 25% share. This property benefits from WC kitchen/diner, lounge, 2 double bedrooms & family bathroom. 2 allocated parking spaces & enclosed rear garden
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- Years remaining: 0 years
- Current ground rent: £5,156
- Ground rent review period: Contact branch
- Annual service charge: £414
- Ground rent increase: Contact branch
- Share sold: 25%
- Rent payable: £430 per month
Council Tax Band: Contact branch
Tenure: Leasehold
Shared Ownership:
floor plans
in detail
'HOME OF THE MONTH - Reserve for only £99 and receive £1,000 on completion!' - see agents note
Plot 131 The Cooper One - A delightful 2 bedroom mid-terraced home located on the sought after Quantum Fields development in Littleport, perfect for first time buyers. This property benefits from 2 parking spaces and enclosed rear garden.
Downstairs the property has a spacious hallway, WC, contemporary kitchen / dining area and separate lounge with French doors leading onto the garden. Stylish 'Symphony' kitchen included with laminate worktop and matching upstand, single oven, gas hob and extractor with space for fridge freezer and washing machine. Vinyl flooring included to kitchen and WC.
Upstairs the property benefits from two generous double bedrooms, each with a useful storage cupboard as well as a modern three-piece family bathroom including shower over bath with glass screen and full height tiling, white basin with chrome taps and WC. Vinyl flooring also included to bathroom.
Agents note: The £1000 is taken off of your final statement balance on completion.
The advertised price of this property represents a 55% share (based on a full market value of £250,000
60% share at £150,000 = rent at £229.17 PCM
75% share at £187,500 = rent at £143.23 PCM
These homes are advertised on behalf of The Longhurst Housing Group.
Deposit required for purchase is dependent on outcomes of financial assessment and lender product availability. Please get in touch to book your financial qualification.
Plot 131 The Cooper One - A delightful 2 bedroom mid-terraced home located on the sought after Quantum Fields development in Littleport, perfect for first time buyers. This property benefits from 2 parking spaces and enclosed rear garden.
Downstairs the property has a spacious hallway, WC, contemporary kitchen / dining area and separate lounge with French doors leading onto the garden. Stylish 'Symphony' kitchen included with laminate worktop and matching upstand, single oven, gas hob and extractor with space for fridge freezer and washing machine. Vinyl flooring included to kitchen and WC.
Upstairs the property benefits from two generous double bedrooms, each with a useful storage cupboard as well as a modern three-piece family bathroom including shower over bath with glass screen and full height tiling, white basin with chrome taps and WC. Vinyl flooring also included to bathroom.
Agents note: The £1000 is taken off of your final statement balance on completion.
What Is Shared Ownership
Shared ownership is a buying scheme that helps make taking your first steps onto the property easier and more affordable. You can purchase a share of a new home with as little as 5% deposit, (subject to lender criteria and availability - please confirm with mortgage advisor), while also paying a subsidised rent for the share that you don't own. This scheme also allows 100% 'staircasing' which means you can increase the share that you own in the future up to 100% ownership.The advertised price of this property represents a 55% share (based on a full market value of £250,000
Example Share Costs
45% share at £112,500 = rent at £315.10 PCM60% share at £150,000 = rent at £229.17 PCM
75% share at £187,500 = rent at £143.23 PCM
Additional Notes
-Vinyl flooring included to WC, kitchen and bathroom -Gas central heating -No local connection criteria applicable. -Financial qualification required prior to application.These homes are advertised on behalf of The Longhurst Housing Group.
Deposit required for purchase is dependent on outcomes of financial assessment and lender product availability. Please get in touch to book your financial qualification.
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*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE
QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR
MORTGAGE.
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.
A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.
A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY
AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.
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