2 bedroom house for sale
Doddington Road, , NN8 2LY
Share percentage 30%, full price £225,000, £6,750 Min Deposit.
Share percentage 30%, full price £225,000, £6,750 Min Deposit.
Monthly Cost: £705
Rent £307,
Service charge £57,
Mortgage £341*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Wellingborough, Northamptonshire
Description
Modern, well-presented semi-detached townhouse in Wellingborough, available for sale through the Shared Ownership Scheme. The property comprises a spacious reception area, a separate fitted kitchen, a hallway, and WC on the ground floor. On the first floor, there are two bedrooms and one bathroom with WC. The property comes with a garage space and a well-kept private garden.
Minimum income required: £25,759
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £67,500 for 30% share based on the marketing figure of £225,000.
Monthly rent - £306.92
Monthly Service Charge - £57.01
Total Monthly Charge - £363.93 plus mortgage required for 30% share.
An annual rent increase takes place every April
Layout and dimensionsGround Floor
Hall, kitchen, living room, w.c.
Dining / Reception Room
17'9 (5.41) x 13'5 (4.09)
Kitchen
10'4 (3.15) x 6' (1.83)
Bedroom 1
13'4 (4.06) x 9'4 (2.84) max
Bedroom 2
13'4 (4.06) x 8'10 (2.69)
First Floor
Two bedrooms and bathroom.
Outside
Single garage and off road parking. Average gardens.
Garage
19'7 (5.97) max x 12'9 (3.89) max
Approximate Area = 1010 sq ft / 93.8 sq m (includes garage)
Lease informationYears remaining on lease: 116
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.
EPC ratingEnergy Rating Band - B
Environmental Impact Band - A
Key Features
- Two bedrooms
- Private garden
- Close to local amenities
- Single garage
- Off road parking
- 5% deposit
- Available for 30% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
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 30%, full price £225,000, £6,750 Min Deposit. Calculated using a representative rate of 4.59%
