3 bed semi-detached house for sale

Staverton Road, Daventry NN11

Introducing Malabar, Northamptonshire

Malabar is a brand new collection of two and three-bedroom homes for sale in Daventry, Northamptonshire.

Sitting on the edge of the town, Malar will showcase the best in contemporary home design and deliver a much higher quality of life.

Daventry itself is a well-connected town of 28,000 residents that is not only transforming its own infrastructure but offers great links to larger hubs such as Northampton, Rugby and Birmingham. The town has a range of fantastic amenities including various restaurants, pubs, bars, shops and leisure facilities.

With this in mind, Malabar is a prime opportunity to buy a shared ownership home in Northamptonshire - a premium destination that will only grow in popularity alongside Daventry and the surrounding area.

Council Tax tbc - due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set.

Service Charge - A service charge will be charged against the property and is paid monthly with your rent payment. The service charge is reviewed on an annual basis on April 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for details.

Ground Rent - Not applicable.

Homes England Key Information Document - please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.

Next steps:
1. For further information, please download our brochure below.
2. To apply now, please register with us to request an application form.
3. Send your approved application form to the Sales Team.
4. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
5. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
6. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.

Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.

We will offer shares between 10-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright.

Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.