Share percentage 50%, full price £275,000, £6,875 Min Deposit.
Monthly Cost: £1,073
Rent £266,
Service charge £23,
Mortgage £784*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available Now! 3 bedroom end of terrace house in Great Billing, Northampton, available to purchase through the Shared Ownership Scheme
Description
This 3 bedroom end of terrace house is situated in Great Billing, Northampton, and is available to purchase through the Shared Ownership scheme.
Full Market Value: £275,000
Share Available: 50%
Monthly Rent: £265.92
Monthly Service Charge: £23.23
Remaining Lease Term: 85 years
About the Property
This property is comprised of:
- An entrance hall
- Kitchen
- Living room
- Downstairs WC
- 2 first floor bedrooms
- 1 second floor/loft bedroom
- Bathroom
It features two allocated car parking spaces.
All main services are connected and there is gas-fired radiator central hearing.
About the Area
Archaically known as the County of Northampton, is a county in the East Midlands of England. In 2015, it had a population of 723,000. The county is administered by two unitary authorities: North Northamptonshire and West Northamptonshire. It is known as "The Rose of the Shires".
Covering an area of 2,364 square kilometres, Northamptonshire is landlocked between eight other counties: Warwickshire to the west, Leicestershire and Rutland to the north, Cambridgeshire to the east, Bedfordshire to the south-east, Buckinghamshire to the south, Oxfordshire to the south-west and Lincolnshire to the north-east – England's shortest administrative county boundary at 20 yards, although this was not the case with the historic county boundary. Northamptonshire is the southernmost county in the East Midlands region.
Apart from the county town of Northampton, other major population centres include Kettering, Corby, Wellingborough, Rushden and Daventry. Northamptonshire's county flower is the cowslip. The Soke of Peterborough falls within the historic boundaries of the county, but its area has been part of the ceremonial county of Cambridgeshire since 1974.
Shared Ownership, how does it work?
If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting. This property has a 50% share available to purchase, and you will pay a subsidised rent on the remaining share, as displayed above. In the future you can purchase further shares in your home** or sell your share and move on.
*Properties are offered as leasehold.
**Some properties are restricted to the level of share you can purchase.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
Key Features
- 50% Share Available
- 3 Bedrooms
- Private Garden to Rear
- Allocated Parking (2)
- Excellent Location
- 5 miles to Northampton Town Centre
- Great Local Amenities
- Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 85 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVideo Tour
Map
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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.
Share percentage 50%, full price £275,000, £6,875 Min Deposit. Calculated using a representative rate of 5.26%
