2 bed bungalow for sale

Skylarks, Witchford, Ely, Cambridgeshire CB6

Shared ownership. Coming soon! Soon to be completed and will be available to purchase at 25,50 & 75% shares.

Plot 16

25% at £75,000 meaning a deposit from £3,750. Maximum amount available to purchase initially is 75%. Full market value £300,000. A great opportunity to get onto the property ladder and live in this modern spacious two-bedroom bungalow.

Welcome to Skylarks. Consisting of two brand new, shared ownership bungalows offered in the village of Witchford, Ely. Built with sustainability and energy efficiency in mind.

The bungalows both have two good sized bedrooms, stylish finishing throughout, kitchen with appliances, living area and lots of natural light throughout as well as a stocked bathroom suite, storage, very good-sized rear gardens and parking to each unit & ev charging. The properties will also come flooring and turf!

What is Shared Ownership?:

If you can't afford the mortgage or deposit on 100% of a home, Shared Ownership offers you the chance to buy a share of your home and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to with a maximum share on this site of 80%. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

To discuss and reserve these units off plan please contact the branch who will talk you through the process along with answering any queries you may have.

Notes/ Special Conditions: These properties will require financial qualification, the maximum share you will ever be able to own is 80%, purchasing Priority for people with ties to the local area, Priority will be given in this order (this priority supersedes the first come first served priority):

- Parish of Witchford
- Parishes of Ely, Little Downham, Little Thetford, Wentworth and Wilburton
- District of East Cambridgeshire

Local connection can be:

- Already live in the Area
- Have previously lived in recently (STC)
- Currently Works in Area
- Have immediate family who live in Area (parents, siblings)

Financial Breakdown Example:

Full Market Value: £300,000
25% Share Value: £75,000
5% Deposit: £3,750
Rent on Un-Owned Share: 2.75%
Rent on Un-Owned Share: £515.62