2 bed flat for sale

28 Feldspar Avenue, Wellingborough, Northamptonshire NN8

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this spacious two-bedroom Shared Ownership resale apartment in Wellingborough. Available from a 40% share for £68,000, based on a full market value of £170,000.

Property Overview

Offering approximately 678 sq ft of well-planned accommodation, this two-bedroom apartment combines a generous open-plan living space with two well-proportioned bedrooms, making it an excellent option for first-time buyers, couples and those looking for additional space to work from home.

The entrance opens into a spacious hallway with useful built-in storage and access to each of the principal rooms.

At the heart of the home is the impressive open-plan kitchen, lounge and dining room, measuring approximately 20'2” x 12'3”. The kitchen is positioned to one end of the room, leaving plenty of space for separate living and dining areas. French doors provide plenty of natural light and create a bright and sociable main living space.

The principal bedroom is a particularly generous double, measuring approximately 15'2” x 11'8”, with ample space for wardrobes and additional bedroom furniture. The second bedroom is also well proportioned and would work equally well as a bedroom, guest room or dedicated home office.

A contemporary family bathroom with a bath completes the accommodation.

Financial Breakdown

• Full Market Value: £170,000
• 40% Share Value: £68,000
• Rent on Unowned Share: £238.39 per month
• Service Charge: £68.88 per month
• Estate Charge: £34.20 per month
• Buildings Insurance: £15.68 per month
• Management Fee: £34.89 per month
• Reserve Fund: £59.37 per month
• Total Monthly Payment Excluding Rent: £213.02 per month
• Total Monthly Rent & Charges: £451.41 per month
• Reservation Fee: £0
• Lease Length: 987 years

Local Area

Feldspar Avenue is located in Wellingborough, a well-connected Northamptonshire town offering a wide range of shops, supermarkets, schools, cafés, restaurants and everyday amenities.

Wellingborough town centre provides a good selection of retail and leisure facilities, while the surrounding area offers a choice of parks, green spaces and recreational facilities.

For commuters, Wellingborough railway station provides convenient rail connections towards London, while good road links provide access to Northampton, Kettering and the wider Northamptonshire area.

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property's value, while paying a subsidised rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing. For this property, you can potentially increase your ownership up to 100%.

Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately.

Legal & General Affordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.

Eligibility Criteria

To be eligible for Shared Ownership, you will need to:

• Have a combined household income of £80,000 or less.
• Be unable to afford the deposit and mortgage payments required to purchase a suitable home outright.
• * Meet the applicable Shared Ownership eligibility and affordability requirements.

If you currently own a home, its sale must be completed on or before completion of your Shared Ownership purchase. All applicants will be subject to financial and credit assessments to ensure the home is affordable and sustainable.

About Highlight Housing

We are The Affordable Homes Agency.

Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.

With over 15 years' experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.

Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. All information provided is for guidance only and does not form part of any contract.