1 bedroom apartment for sale

Under Offer

Upton Hall Lane, Upton, NN5 4DG

£34,500 · Shared Ownership Resale

Share percentage 25%, full price £138,000, £1,725 Min Deposit.

Under Offer
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£34,500 Shared Ownership Resale

Share percentage 25%, full price £138,000, £1,725 Min Deposit.

Monthly Cost: £537
Rent £230, Service charge £115, Mortgage £192*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

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Summary

A 1 bed shared ownership property available in Upton, Northampton

Description

Contemporary, bright & spacious one-bedroom apartment now available in Northampton through Shared Ownership.

The property comprises a wide living room with a private balcony, an open-plan fitted kitchen, and a large bedroom. This could be ideal for a couple or a single person.

The flat is on the first floor of a newly built construction (circa 2022); it has allocated parking space and communal bike stores.

Available for £34,500 for 25% share based on the marketing figure of £138,000.

Monthly rent - £229.87
Monthly Service Charge - £115.43
Total Monthly Charge - £345.30 plus mortgage required for 25% share.

An annual rent increase takes place every April

Location

The property is located just outside Northampton's town centre, in a residential area, about 10 minutes away walking from the city centre.

All local amenities are nearby, including large supermarket chains about a 5-minute drive away, restaurants and a cinema.

There's also a direct train to London from Northampton, which can reach the capital in roughly an hour from the station.

Several schools and parks are nearby, allowing a tranquil environment overall surrounding the apartment block.

EPC rating

Energy rating band - B
Environmental impact band - B

Layout and dimensions

Gross internal floor area: 50 m²
Living room & kitchen: 6.22 x 4.01 m
Bedroom: 3.96 x 3.05 m

Lease information

Years remaining on lease: 988

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
  • New building (2022)
  • Private balcony
  • Allocated parking
  • Available for 25% share
  • 5% minimum deposit only
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Northampton (1.73 miles) Long Buckby (7.30 miles) Wellingborough (12.45 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.

£34,500
Shared Ownership Resale
Estimated Monthly Cost:£537
Rent £230
Service Charge £115
Mortgage £192

Share percentage 25%, full price £138,000, £1,725 Min Deposit. Calculated using a representative rate of 5.03%


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.