Shared Ownership Homes Coming To Cambridge This Spring

On Saturday 24 April, the highly anticipated Shared Ownership homes will be launching at L&Q at Marleigh.

The coveted east Cambridge Marleigh development formerly known as Wing, on Newmarket Road, will bring forward a vibrant community of 1,300 new homes, supported by new amenities including a primary and nursery schools, a variety of outdoor spaces and parks with a new cycle and walking routes making this a unique opportunity for local people to get onto the property ladder with L&Q.

L&Q at Marleigh is a collection of one-, two- and three-bedroom apartments and two-, three- and four-bedroom houses with the first phase of two- and four-bedroom homes launching on the weekend of 24 and 25 April. Prices for these brand new homes will start at £96,250 for a 25% share of a two-bedroom house (full market value £385,000) and £127,500 for a 25% share of a four-bedroom house (full market value £510,000).

These contemporary homes will provide generous internal layouts, perfect for modern-day living, additional space and versatile rooms, ideal for growing families. All homes are inclusive of flooring, white goods and integrated appliances at no additional cost.

Shared ​Ownership is designed to help first-time buyers who may feel priced out of the market onto the housing ladder. The purchaser buys a share in the property, usually at least 25%, while renting the share they do not own at a subsidised rate. Buying through Shared Ownership ​often allows first-time buyers to get onto the ladder with a smaller deposit than would be required if they were buying on the open market – from as little as 5% of the share being purchased. Minimum deposits at L&Q at Marleigh start from £4,813 for a 25% share of a two-bedroom house.

Register interest and find out more at lqhomes.com/cambridge.

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