30% shared ownership — £45,000 share based on £150,000 valuation
A bright, modern one-bedroom apartment in a 2021 development, offered through Shared Ownership at a 30% share. The open-plan living area opens to a balcony, with a contemporary kitchen, good natural light and a practical layout for a single person or couple. The property measures about 603 sq ft and benefits from an EPC B rating and fast broadband — useful for remote working and commuting.
Financially this is an affordable route onto the market: the 30% share is priced at £45,000 (based on a £150,000 valuation), with a 5% minimum deposit option. Monthly outgoings are clearly set: rent £242.12 and an average monthly service charge of £163.09, giving total monthly costs (before mortgage) of £405.21. Note an annual rent increase each April.
Practical positives include a covered allocated carport, long lease (987 years remaining) and mains gas central heating. Important points to check before committing: this is a leasehold Shared Ownership sale (you will pay rent on the unsold share), the service charge is relatively high, and you will still need a mortgage for the 30% share. Speak to a solicitor and financial adviser about lease and mortgage suitability.
Located in a residential area of Northampton (NN5) with nearby primary schools rated Good and easy access to local amenities and travel links, this flat suits a first-time buyer or someone downsizing who wants a low-entry-cost, modern home with manageable running costs.
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