3 bed detached house for sale

Orchid Fields, Ely, Cambridgeshire CB6

Ref:AS01 Offered to the market with no onward chain, this beautifully presented three-bedroom detached home is available on a 50% shared ownership basis, with the opportunity to staircase ownership up to 80%.

The full market value is £410,000, with the 50% share available for £205,000, monthly rent of approximately £512.96, and a monthly service charge of approximately £16.47.

With an NHBC warranty remaining, a long lease, and the ability to staircase up to 80%, this is an ideal option for buyers looking to get onto the property ladder in a prime location.

The property offers over 1,030 sq ft of bright, modern accommodation, perfectly suited to first-time buyers, young families or those looking for an affordable route onto the property ladder. The ground floor comprises a welcoming entrance hall, cloakroom, spacious dual-aspect living room with patio doors opening onto the rear garden, and a superb open-plan kitchen/dining room providing an excellent space for both everyday living and entertaining.

Upstairs, the master bedroom benefits from built-in wardrobes and a stylish en suite shower room, whilst there are two further well-proportioned bedrooms and a contemporary family bathroom.

Externally, the property enjoys a fully enclosed rear garden with patio seating areas, ideal for relaxing or entertaining, together with a block-paved driveway providing off-road parking for two vehicles.

Located in a peaceful residential setting around two miles from Ely railway station, the property offers convenient access to Cambridge, Newmarket and the A10, while remaining within the catchment for highly regarded local schools.

Eligibility Criteria:

To apply, you must:

- Have a household income of £80,000 or less

- Be unable to afford a suitable home on the open market

And meet one of the following:

- First-time buyer

- Previously owned a home but cannot afford to buy now

- Forming a new household (e.g. After a relationship breakdown)

- Existing shared ownership owner looking to move

- Homeowner needing to move but unable to afford a suitable property

If you currently own a home, it must be sold before completing your shared ownership purchase.

All applicants will undergo affordability and credit checks.

Additional Information

Subletting: Renting a room is permitted (must live in the property)

Full subletting only allowed with landlord & lender permission in exceptional circumstances

Pets: Domestic pets and caged birds permitted