Summary - 80 SHANKLEY WAY, NORTHAMPTON NN5 7BB
2 bed 1 bath Apartment
50% shared-ownership opportunity near town and station for first-time buyers.
Larger-than-average top-floor layout with expansive open-plan living space.
Two double bedrooms; newly renovated three-piece bathroom suite.
Off-street allocated parking and secure intercom entry system.
Gas central heating and uPVC double glazing throughout.
Offered as 50% shared ownership; monthly rent on remaining share £261.24.
Lease 81 years remaining — lease extension likely necessary and potentially costly.
Service charge approx. £1,196.04 per year; council tax band B (low).
Location has above-average crime, medium flood risk and high local deprivation.
This larger-than-average two-bedroom home is offered on a 50% shared ownership basis, making it a realistic route onto the property ladder. Set on the top floor, the apartment has been recently renovated and presents a generous open-plan sitting/dining room with an integrated kitchen — a clear advantage for first-time buyers seeking move-in-ready accommodation.
Practical benefits include one allocated off-street parking space, gas central heating via radiators, uPVC double glazing and a secure intercom entry. The block sits close to local parks, shops, Northampton town centre and the train station, providing straightforward commuter links and everyday amenities.
Buyers should be aware of several material considerations. The lease has 81 years remaining and will require extension sooner rather than later; this can affect mortgage options and future costs. The property sits in a very deprived area with above-average crime rates and a medium flood risk — factors that influence insurance and long-term value. Ongoing ownership costs include a service charge (approx. £1,196.04 annually) plus monthly rent on the unsold share (£261.24).
For a first-time buyer prioritising space and a recently renovated finish, this property offers strong immediate usability and a lower upfront purchase cost through shared ownership. However, factor in lease extension costs, local area considerations, and shared ownership charges when comparing long-term affordability.
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