2 bedroom apartment for sale
Scribers Drive, Northampton, NN5 4ES
Share percentage 50%, full price £180,000, £4,500 Min Deposit.
Share percentage 50%, full price £180,000, £4,500 Min Deposit.
Monthly Cost: £1,173
Rent £370,
Service charge £290,
Mortgage £513*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Northampton, Northamptonshire
Description
Modern, bright & spacious two-bedroom apartment now available in Northampton through Shared Ownership.
The property comprises a wide living room, a separate kitchen, and two large bedrooms; there's also a small patio outside. This could be ideal for a small family or a couple.
The flat is on the ground floor of a relatively modern construction (circa 2008); it has allocated parking space and some communal areas.
Available for £90,000 for 50% share based on the marketing figure of £180,000.
Monthly rent - £369.88
Monthly Service Charge - £289.73
Total Monthly Charge - £659.61 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property is in a tranquil residential area in Upton and is a couple of miles away from Northampton town centre, which can be reached by car in 10 minutes or by a direct bus in half an hour.
London can be reached by train via Northampton Station in a little more than an hour.
Road travel is also convenient, thanks to the M1 motorways and some nearby highways.
All amenities are nearby, with more pubs, restaurants and shops in Northampton. There are also vast natural parks nearby, with Upton Country Park being just around the corner.
There are also several schools in the area, some of which are within walking distance.
EPC ratingEnergy rating band - C
Environmental impact band - C
Years remaining on lease: 109
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
- Two-bedroom apartment
- Private patio
- Ground floor
- Allocated parking space
- Available for 50% 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 50%, full price £180,000, £4,500 Min Deposit. Calculated using a representative rate of 5.26%
