2-bedroom flat · CB22 5GA
For saleReduced £35k (−13.5%) on 24 MarListed 265 days
Opportunity summary
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About
This 2-bedroom ground floor apartment is situated in Mill View, Hauxton, an independent living scheme, and is available to purchase through the Shared Ownership scheme.
Full Market Value: £300,000 Share Available: £225,000 Monthly Service Charge: £570.29 Remaining Lease Term: 117 years As this property is for sale at a 75% share, there is no rent payable.
About the Property The property consists of: - Entrance hall - Open plan kitchen/living room - Two bedrooms - Bathroom - Private patio Exclusively for those over 55, Mill View has been designed to enable residents to continue to live independently in modern apartments with access to on-site care and support services tailored to their individual needs as well as having a shop, salon and scheme manager on site.
Situated perfectly on the corner of the scheme, the property benefits from some lovely views of the area and allows for lots of natural lighting with its south facing aspects.
As you enter the property you will be in the entrance hallway. To your right, at the end of the hallway, is the bathroom/shower room, with a level access shower, a toilet and sink.
There are jack and jill doors, so the bathroom links to both the hallway and the master bedroom. The master bedroom is an excellent size.
Adjoining this is the second bedroom, which is also a good size. Both bedrooms feature carpeting, and large floor to ceiling windows, allowing lots of natural light.
On the left side end of the hallway is the spacious living room and kitchen.
The living room area features large floor to ceiling windows on 2 sides, as well as double french doors leading to a private patio area with views of the landscaped communal gardens.
The kitchen features a modern and neutral design, with white cupboards, wood effect counter tops, and light brown tiling.
There is an integrated waist height oven, and separate hobs on the counter top, with over head extractor fan. There are two built in cupboards in the hallway.
Within the building there are several communal spaces for the residents to access and make use of, including lounges, a restaurant, landscaped gardens, and a rooftop terrace making Mill View a great place to meet new people and host family.
About the Area Hauxton is a small village in Cambridgeshire, England around 5 miles to the south-west of Cambridge.
Hauxton had a 2011 population of 673 and has an organic food shop, a small convenience/grocery store and hair salon (both located on the ground floor of Mill View) and a church.
There are more shops and amenities in Great Shelford (approx. 3 miles).
Only a short drive away is the city of Cambridge, benefitting from a brilliant public transportation system, with a comprehensive bus service that connects you with the entirety of the City with bus stops frequently distributed.
From these, you can pick up various frequent services that run to the centre, train stations and outlying areas. Shared Ownership, how does it work?
If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting.
This property has a 75% share and there is no rent payment to pay on the remaining share. In the future you can sell your share and move on. * *Properties are offered as leasehold.
**Some properties are restricted to the level of share you can purchase.
Disclaimer The information provided by Domovo, the sales and marketing brand for bpha, is prepared as a general guide only and should not be relied upon as a basis to enter into a legal contract or to commit expenditure.
All measurements are approximate. Floorplans are for illustration purposes only. Photographs/CGIs provided are for guidance only and may not reflect items included in the property sale.
Any interested party is advised to check the measurements and to consult their own surveyor, solicitor and/or other professionals before committing them
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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