Shared Ownership in Cambridge
What’s not to love about this salubrious city with hordes of character?
History clings to every nook – you’ve got the antiquated King’s College where some of the UK’s greatest minds have studied; time-worn pubs where students ponder revolutionary theories over pints and nibbles; and Dickensian-style alleyways hiding intriguing boutiques and cafes.
It may be a city but there’s something endearingly tranquil about Cambridge and there are plenty of pockets to embrace the quiet and solitude, from the Botanic Gardens owned by the university, to its surrounding countryside speckled with age-old village pubs. When the sun’s beating down, grab a bottle of fizz and some strawberries and mosey on downriver – there’s nothing more Cambridge than a punting trip. It’s quaint, it’s beautiful, it’s pleasantly compact, and it’s filled with character. And with regular connections to London and a transport infrastructure that puts residents in easy reach of locations across the UK, a property investment in Cambridge is a no-brainer. That and the fact a host of enviable new housing developments are on the horizon. Don’t be put off by sky-high house prices – you can purchase a property here and shared ownership is a failsafe route to get you on the property ladder.
Part-buy Part-rent in Cambridge
As desirable and classic as Cambridge may be, there’s still plenty of scope for wannabe homeowners to jump on the property ladder, namely through shared ownership. Under the terms of this savvy government scheme, you can buy a home in stages, paying subsidised rent on the share you don’t own. As long as you earn less than £80,000, you’re fair game as a potential qualifier.
There’s a real mixed bag of property types in Cambridge up for shared ownership – so whether you’re a couple, a family or a career-driven singleton, you’ll be able to find the right home to suit you. On Cambridge’s outskirts, you’ll find the Ninewells development where three-bedroom detached houses are up-for-grabs. They’re upmarket and contemporary, and location-wise it’s very close to the M11 and Cambridge rail station. Closer to the centre, the Halo Development includes a clutch of handsome-looking houses with high-spec kitchens and plush fittings. Excitement has been fizzing amongst potential buyers, meanwhile, for the newly created district of Eddington, a 10-minute pedal from the city’s market square. Sprinkled across the gargantuan site will be shops, sports pitches, parklands, cycleways and homes all underlined with sustainable practice. Nab a property here and you’ll have a tidy little investment on your hands. Flats are ultra-modern with instagrammable design details. Plus there’s underfloor heating, high ceilings, tall windows and ultra-luxe fittings that make these apartments a real steal.