2 bedroom apartment for sale

Available

Victoria Gate, St James Park Road, NN5 5DY

£105,000 · Shared Ownership Resale

Share percentage 50%, full price £210,000, £10,500 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£105,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £210,000, £10,500 Min Deposit.

Monthly Cost: £862
Rent £220, Service charge £109, Mortgage £533*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £80,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property
Summary

This fantastic 2-bedroom, 2-bathroom duplex with private parking & secure bike storage is available in Northampton

Description

Property reference number: 1638971

Victoria Gate is a fantastic 2-bedroom, 2-bathroom duplex with private parking & secure bike storage is available in Northampton. The lease remaining on the property is 121 years.

The duplex flat is within walking distance from the town centre with Northampton station offering good transport links, linking you to London Euston Station in less than an hour.

Local amenities like Iceland, Morrisons, Northampton Hospital, local supermarkets, restaurants and cafes are located less than a 5minute walk away. For leisure & enjoyment, various restaurants, bars, cafes and shops are within walking distance including an abundance of green spaces (parks and recreation centres).

  • Nearest Station: Northampton station

The property located on the ground floor comprises:

  • Living Room: Spacious lounge with open plan kitchen and white carpeted flooring. 
  • Kitchen:  Wooden white units with light pine granite kitchen worktop with stainless steel backsplash.  Integrated appliances. Grey vinyl flooring
  • Bedroom one: Double bedroom with a bathroom (partially tiled/painted walls) and cream carpeted flooring. 
  • Bedroom two:  Double bedroom with cream carpeted flooring. 
  • Bathroom: White suite comprising a large bath with shower head, partially tiled/painted walls and a towel rail. Grey vinyl flooring.  
  • Outside: private parking & secure bike storage


What happens after I register my interest?

You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact href="https://enquiries@peabodynewhomes.co.uk">enquiries@peabodynewhomes.co.uk  and our team will be able to help you.

What is Shared Ownership?

Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more. 


Financial information

  • Tenure: Leasehold
  • Remaining lease term: 121 Years
  • Annual ground rent amount: £100 per annum
  • Annual service charge amount: £1,307.76
  • Service charge review period: Every 25 years during the term.  The ground rent will increase by 100%.
  • Council tax band: Band B
*Financial information correct as of 13.11.2023
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B

Property Downloads
Floor Plan
Map
Northampton (0.18 miles) Long Buckby (8.38 miles) Wellingborough (10.83 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
  • Service Charge: Covers maintenance and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.

£105,000
Shared Ownership Resale
Estimated Monthly Cost:£862
Rent £220
Service Charge £109
Mortgage £533

Share percentage 50%, full price £210,000, £10,500 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.