3 bed end terrace house for sale

Station Island, Wellingborough NN8

Summary
A selection of three bedroom homes available to purchase for Shared Ownership with Prices starting from £118,000 for a 40% share and a monthly rent of £405.62 and minimum deposit required of £5900. These homes are ready to move into from May 2025 and are available to reserve off plan now.

Description
Stonewater is proud to present 128 new homes at Station Island on the outskirts of the popular Northamptonshire market town of Wellingborough, 39 of which will be available through shared ownership. The initial collection of shared ownership homes on offer comprises two bedroom terraced and end-of-terrace houses and three-storey, four bedroom town houses. In keeping with the rest of the development each will feature modern energy efficiency measures including air source heat pumps and photovoltaic panels which are not only good for the environment but may also help to reduce energy bills.

Price Example
Full market value - £295,000
40% Share price - £118,000
Monthly rent based on a 40% share - £405.62
Monthly service charge - £11.79
Minimum deposit required of 5% - £5900

Shared Ownership
Sometimes known as ‘Part Rent, Part Buy’, Shared Ownership is a home ownership scheme that many housing associations offer. It allows you to buy a share of a property, subject to affordability and eligibility, and pay rent on the remainder.

The more of the property you own, the less rent you pay. You can increase your shares over time, known as “staircasing”, and on most leases where there aren’t any restrictions, you can work your way up to 100% ownership.

To qualify for shared ownership, you must:

• Be at least 18 years old
• Have an annual combined household income of less than £80,000 (£90,000 if you live in London)
• Be a first-time buyer or unable to afford a property that suits your needs on the open market
• Prove that you’re not in mortgage or rent arrears
• Demonstrate a good credit history with no County Court Judgments (CCJs)
• Be able to afford your mortgage repayments and rent

Assesment
In order to be considered for an application at Station Island, please complete the following assesment on this link -

Location
Wellingborough is a town in the south east corner of Northamptonshire which offers a relaxed, market-town atmosphere surrounded by beautiful open countryside. The town is home to a variety of pubs, bars and restaurants as well as shops.

The Swansgate Centre shopping mall in the town centre, for example, hosts many well-known high street stores including Boots, Superdrug and Wilkinsons. Nene Court Shopping Village, also in the town centre, is home to a variety of independent shops, cafes and businesses set within former Victorian gasworks buildings.

Wellingborough’s general market takes place every Wednesday, Friday and Saturday in the Market Square with an additional bric-a-brac market being held every Tuesday. Closer to home, everyday shopping needs are catered for by a local Asda; Wellingborough also has several edge-of-town superstores including Sainsbury’s, Morrisons and Tesco.

Exercise enthusiasts are well served by the Redwell Leisure Centre, which offers a gym, a studio, squash courts and a variety of exercise classes including aerobics and yoga. Closer still is Diana’s Health & Fitness Gym, a neighbourhood gym a few minutes’ walk from the development considered one of the friendliest in the area.

Wellingborough is surrounded by glorious open countryside including several popular country parks. Nearby Sywell Country Park has a 67-acre lake popular with anglers and is ideal for wild water swimming. Slightly further afield is Stanwick Lakes, a 750-acre nature reserve with more than seven miles of walks, cycle tracks, a heritage trail and picnic areas.

Wellingborough is well known for its schools which include Wellingborough School, one of the UK’s oldest. The town also boasts a 100 per cent Ofsted rating of either ‘Good’ or ‘Ouststanding’ for all of its secondary schools. Schools within Station Island’s catchment include Redwell Primary School, an Academy for ages 4 to 11 years rated ‘Good’ by Ofsted. Nearby Sir Christopher Hatton Academy for pupils aged 11 to 18 years boasts an ‘Outstanding’

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.