38, Rule Gardens, Fordham, CB7 5YN

This three-bedroom, end of terrace 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: 110 years Property features: Driveway parking for two cars Fitted kitchen Gas central heating Double glazing Over-bath shower Downstairs WC Private garden with shed Kitchen/dining: 4.10m x 2.79m Living room: 3.19m x 4.78m Bathroom: 2.10m x 2.22m Bedroom 1: 2.70m x 3.19m Bedroom 2: 3.99m x 2.37m Bedroom 3: 2.31m x 3.36m Downstairs WC: 1.50m x 2.18m Purchase Requirements: Be eligible for the shared ownership scheme Be a first-time buyer or not currently named on a mortgage 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: £310,000 Minimum Share: 50% Share Value: £155,000 Monthly Rent: £319.19 Service Charge pcm (including buildings insurance): £37.85 Total Monthly Charge: £357.04 Next rental increase: April 2027 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.