2 bedroom end terrace property for sale

Lilburn Avenue, Royston

Shared ownership£126,000

Bedrooms
2 bedrooms
Bathrooms
1 bathrooms
EPC
View EPC
 

Description

Key features

Full description

Tenure
Leasehold

BACK TO MARKET - BEAUTIFUL END TERRACE TWO BED HOUSE

settle are pleased to offer the last remaining, two bedroom house on the new development, Meridian Gate, Royston, conveniently located just outside Cambridge and only a 40 minute train ride into London.

This two bedroom property is situated in a desirable area of the development, with two allocated parking spaces, appliances and floor coverings throughout, this property is a perfect starter home.

FEATURES 

- Modern kitchen units with integrated oven, hob and extractor

- Integrated Fridge/Freezer and Washing Machine

- Full height tiling to bath with shower and screen

- Flooring throughout

- 2 parking spaces

- 40% Share Purchase

PRICING

Full Market Value: £315,000

Min 40% Share available: £126,000

Rent on remaining share p/m: £433.13

Lease Term: 125 years

Service charge p/m: £34.90 

These new homes are close to being complete, but all viewings are temporarily on hold. We will take successful applicants forward to reservation through virtual meetings and discussions.

To be considered for one of these new homes we will require you to complete a short online affordability assessment.

LOCATION

Situated midway between Bishop’s Stortford and the historic city of Cambridge, the popular market town of Royston offers something for everyone; good

amenities, green open spaces, and simple commutes to Bedford, Hertford and London. Royston has a good range of amenities, including high street brands and independent shops, banks, a post office, a pharmacy and plenty of pubs, restaurants and cafés. Under half a mile away is the Ofsted rated ‘Outstanding’ Icknield First School, with the well-regarded Meridian School just 10 minutes’ walk away. Commuters will find Royston to be well connected by both road and rail. Royston station provides regular services to Cambridge in just 15 minutes and London King’s Cross in a little over an hour. By road, the A10 runs directly past Royston, and allows for easy access to the A1(M) and M11. Both Luton and Stansted Airports are only 25 miles away. Further afield, the bustling city of Cambridge is where you can find a wonderful mix of shops, outdoor space and history all close to the world-famous University’s buildings. Away from these discoveries, you can also enjoy walks by the river, and even try your hand at punting.

Shared Ownership?

Shared ownership is an excellent way for you to take your first steps onto the property ladder, even if you don’t have the savings to buy a property outright.

Through shared ownership, you buy a share of between 40-75% of the property’s value (we’ll help you work out what’s affordable for you). The deposit you’ll need for a mortgage on this share will be a lot less than the deposit required if you were buying the same property outright. You’ll then pay a subsidised rent on the remaining share of your home. Depending on what property you buy, you’ll also pay a service charge which covers the cost of services such as buildings insurance, communal cleaning and grounds maintenance. Your total monthly payments will often be lower than if you were renting privately. At the same time, shared ownership provides you with the security and stability to build your future by purchasing additional shares in your home, usually until you own 100% of your property outright. So much better than renting for years with nothing to show for it. Shared ownership: it’s about getting the home you want, with a savings amount that’s achievable, and owning a chunk of equity in your home. Please note priority will be given to those with a local connection where we receive more interest than we have properties available. Minimum shares on offer from 40%.

*All images and CGI are for illustrative and indicative purposes only.

Floor plans

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