2 bed terraced house for sale

Waterfurrows Way, Moulton, Northampton NN3

7 Waterfurrows Way, Moulton, Northamptonshire
60% Shared Ownership | Two Bedroom Home | Full Market Value £240,000

A well-presented two-bedroom mid-terraced home, offered for sale on a Shared Ownership basis with a 60% share available at £144,000. Situated within the popular village of Moulton, the property provides well-proportioned accommodation arranged over two floors, together with a private rear garden and off-road parking.

The ground floor is entered via a hallway with stairs rising to the first floor. The fitted kitchen measures approximately 10'8" x 9'0" and provides a practical range of storage and work surfaces. To the rear is a spacious 12'7" x 12'11" living room, with French doors opening directly onto the garden, providing plenty of natural light and easy access to the outside space. A useful ground-floor WC completes the accommodation on this level.

On the first floor, the landing provides access to two well-proportioned bedrooms. The principal bedroom measures approximately 12'6" x 10'11", while the second bedroom measures approximately 12'7" x 8'1". There is also a family bathroom.

The property offers approximately 613 sq ft (57 sq m) of accommodation and, externally, benefits from a private rear garden together with off-road parking.

Shared Ownership & Costs
The property has a full market value of £240,000, with the advertised price of £144,000 representing a 60% share. The remaining 40% is retained by the housing provider, with rent payable on that proportion.

The current monthly charges are £253.21 rent, £22.21 buildings insurance and a £34.89 management fee, giving a combined monthly payment of £310.31, in addition to any mortgage and normal household costs. The lease has approximately 116 years remaining.

Shared Ownership can provide an alternative route into home ownership for buyers who may not currently be able to purchase a suitable property outright. Subject to the terms of the lease and housing provider, purchasers may have the opportunity to acquire additional shares in the future through staircasing, potentially increasing their ownership to 100%.

Location
Moulton is a highly regarded Northamptonshire village offering an excellent range of local amenities, including shops, pubs, cafés and schooling. The property is also conveniently positioned for access to Moulton Park, Northampton and the surrounding road network, making it well suited to first-time buyers and those working locally.

Eligibility
Shared Ownership is subject to eligibility and approval by the relevant housing provider. Generally, applicants will need to have a combined household income below £80,000 per annum, be unable to afford a suitable property on the open market and not own another property at completion. Applicants may include first-time buyers, previous homeowners who can no longer afford to purchase outright, or those forming a new household.

Please note: All Shared Ownership figures, charges, lease information, staircasing provisions and eligibility requirements should be confirmed by the seller, housing provider and solicitors prior to purchase.