Celandine View, Soham

A superb opportunity to acquire a 30% share of this impressive 4 bedroom townhouse delightfully situated on the edge of the development overlooking open green space and play area to front. Arranged over three floors, the accommodation, in brief, comprises an entrance hall, utility/cloakroom and stunning open plan, kitchen/dining room/sitting room at ground floor level, 4 double bedrooms and 2 bath/shower rooms (1 en suite) arranged over the first and second floors. The property further benefits from gas fired radiator heating, PVCu double glazed windows, off road parking for 2 cars and an enclosed garden to the rear. The purchase price of £105,000 equates to 30% of the overall value. The remaining 70% is rented through Heylo Housing, a Shared ownership provider, currently £806.05 per month., which also includes the service charge, ground rent, buildings insurance and service charge for the upkeep of the communal areas. The property is leasehold with an original 125 year lease granted on the 1st January 2019 and there are approximately 119 years remaining. The Council Tax rating is currently band D and the EPC rating is currently Band B.

Soham is a popular market town well placed for access to Ely (about 6 miles), Cambridge (about 16 miles) and Newmarket (about 8 miles) There is a good range of shopping facilities, including Asda and Co-op supermarkets, variety of sporting and social activities, schools catering for all age ranges and a mainline railway station.

Agents Note: -

The purchase price represents a 30% share with there being a monthly rental payment in respect of the remaining 70% of £806.05 per month, which includes the ground rent, service charge and buildings insurance.

Tenure - Leasehold
Length of Lease - Originally 125 years as from the 1st January 2019. Approximately 119 years remaining.
Council Tax Band - D
Gas Supply - mains
Water Supply – Mains
Sewerage - Mains
Heating source - Gas radiator heating
Broadband Connected – yes
Broadband Type – According to Ofcom.org.uk, standard (16Mbps), superfast (98Mbps) and ultrafast (940Mbps) are available, maximum download speeds shown in brackets
Mobile Signal/Coverage – according to Ofcom.org.uk there is limited voice coverage for 3 out of the 4 main providers checked and limited data coverage for 2 out of the 4 main providers checked

Buyers Criteria: -

In order to be eligible to purchase the property, buyer must meet the following criteria:-

Buyers must be at least 18 years old
Buyers must have a total household income under £80,000 (£90,000 in London)
Buyers must meet the Homes England affordability and sustainability assessments
Buyers are expected to use any savings and assets towards the purchase of their home. This may mean selling assets such as bonds, shares, land and any other financial investments. Buyers in receipt of benefits are eligible for shared ownership provided they meet the Homes England affordability assessment (not all benefits are eligible)
Self-employed buyers must be able to provide 2-years evidence of their income

Buyers must purchase the maximum share they can reasonably afford within the parameters of the Homes England calculator
Shared owners must be first time buyers or do not own another property in the UK or any other country or have a memorandum of sale for their existing property.
Buyers must have good credit history and must not have the following
A mortgage or rent arrears
Other bad debts
County Court Judgements
Buyers must have a minimum 5% deposit towards the share they are purchasing
Buyers may retain a portion of their savings to cover the costs of purchase and moving home (typically up to £5,000). This may include:
Legal fees, Stamp Duty Land Tax (where applicable), mortgage application fees, valuation fees and any associated moving costs.