1 bedroom apartment for sale
High Street, Upton, NN5 4EH
Share percentage 25%, full price £140,000, £1,750 Min Deposit.
Share percentage 25%, full price £140,000, £1,750 Min Deposit.
Monthly Cost: £527
Rent £157,
Service charge £171,
Mortgage £199*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Northampton, Northamptonshire
Description
A modern one-bedroom, first-floor apartment is available for sale in Upton, Northampton, through Shared Ownership.
The property comprises an open-plan lounge with a modern kitchen, a large double bedroom, a study room and a bathroom. The property also includes allocated parking on-site.
Available for £35,000 for 25% share based on the marketing figure of £140,000.
Monthly rent - £156.87
Monthly Service Charge - £171.19
Total Monthly Charge - £328.06 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is within walking distance from Upton Meadows primary school and the prestigious Quinton House Private school. Additionally, it is 5 mins from a Co-op, a fish and chip shop and an excellent spanish tapas bar. Within a 5 mile radius, you have quick access to many superstores including Sainsbury's, Tesco, Aldi and Lidl. Also it is within walking distance of Sixfields, which boasts a selection of popular restaurants, a multi screen cinema complex and Northampton Town Football Club Stadium. The Saints Rugby ground is also only a 10 min drive away. With M1 on your doorstep, Northampton train station within a 10 min drive, and a regular local bus, excellent travel access makes it a fantastic, desirable feature of this flat.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 50 m²
Living room & kitchen: 7.29 x 3.48 m
Bedroom: 4.22 x 2.87 m
Studio: 2.44 x 1.42 m
Years remaining on lease: 110
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- One-bedroom apartment
- Study room
- Allocated parking on-site
- Close to M1
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 25%, full price £140,000, £1,750 Min Deposit. Calculated using a representative rate of 5.26%
