Shared ownership at Chervil Way, South Cambridgeshire, CB23 6BA

Chervil Way

Chervil Way, Cambridge, CB23 6BA

For sale
Shared ownership
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Key Features Two bedroom terrace houseGood ConditionCombi BoilerGas fired central heatingSide Drive/ Parking space for two carsClose to local amenities in Cambourne Full Description A two bedroom terrace house located in Cambourne available through Shared Ownership SchemeAvailable for £187,500 for 75% share based on the marketing figure of £250,000 SO Resi Monthly Payment - N/AMonthly Service Charge - £8.30 Total Monthly Charge - £8.30 PLUS MORTGAGE REQUIRED FOR 75% SHARE Please note this property is part of a ‘Preserved Equity Scheme’. This means Metropolitan retain a 25% stake in the property. Y...


Reception rooms1
Number of floors1
Entrance floorGround floor

Register interest

from £187,500

with min. deposit £9,375

75% Share from
Full market price
Minimum deposit
Monthly rent
Monthly service charge
Annual ground rent
Reservation free
Administration free

SO Resi


Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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