20 Rathbone Crescent – Your first step onto the property ladder through shared Ownership – £265,000 (Full Value / Shared Ownership)

14/11/2025 Administrator Estate Agents, Homes for Sale 0

An introduction to the home

Set on a quiet cul-de-sac in West Town, 20 Rathbone Crescent is a walk-to-everything three-bed with garden and parking that makes Shared Ownership feel straightforward. In this blog we’ll show how different buyers can make the move here—whether you’re leaving Mum and Dad’s, swapping rent for equity as a single buyer, purchasing together as a couple or friends, or upsizing to a family-sized home. We’ll keep it practical: the 80% share on offer (with Amplius retaining 20%), what you’ll pay each month, the eligibility and affordability checks Amplius will make, the £250 reservation fee, and how the RICS valuation sets the maximum share price—plus the simple steps to get from first viewing to keys in hand.

The layout and décor

Step into a crisp, white hallway and through to a welcoming front lounge in soothing olive tones with dark oak-effect flooring and a handy under-stairs store. The kitchen/diner runs across the back of the house and has the feel of a smart city apartment: matte dark-grey cabinetry, grey marble-effect worktops and splash backs, twin Zanussi ovens set at a comfortable height and an AEG induction hob beneath a statement ceiling-mounted Alika extractor. Everyday life is well catered for with space for an American-style fridge-freezer, a built-in Beko dishwasher, integrated Zanussi washer-dryer, and that new boiler tucked neatly into the units. A breakfast-bar overhang invites coffee and conversation, while a glazed door opens straight onto the patio and lawned garden. A contemporary downstairs cloakroom completes the ground floor.

Upstairs are three well-proportioned bedrooms and a modern family bathroom dressed in sandstone tiling with a slate-grey porcelain feature wall, rainfall shower over the bath and a matt-grey heated towel rail.

The location

This is one of West Town’s strongest selling points: you can live a genuinely walkable Peterborough lifestyle here. The city centre is around 18–22 minutes on foot (approx. 0.9–1.1 miles), while Peterborough station is about 15–18 minutes’ walk for fast rail into London. Peterborough City Hospital is 6–8 minutes by car. Weekends are easy too: Thorpe Meadows (rowing lake and sculpture trail) is 4–6 minutes by car, Ferry Meadows at Nene Park 10–12 minutes, and Central Park 8–10 minutes. For road links, the A1(M) J17 is roughly 12 minutes by car via Nene Parkway, with swift connections to the A47 east and west.

 

Moving out from Mum & Dad — your first place, on your terms

Ready for your own keys? Shared Ownership keeps the up-front cost sensible: you take a mortgage on the share you buy (offered: 80%) and pay rent on Amplius’ 20% plus a small management/insurance amount. At Rathbone Crescent you also get a genuinely walkable lifestyle: city centre and station on foot, plus a proper three-bed layout for guests, hobbies—or that longed-for home office.

What you’ll pay (indicative):

Mortgage on your share (via your lender) + £183.52 pcm rent on Amplius’ 20% + £38.85 pcm management/insurance (to be confirmed by Amplius) + utilities & Council Tax (Band B).

Amplius criteria (in brief):

Eligibility & affordability approval required; household income thresholds apply; you must not own another home at completion; MoD priority may apply. Reservation fee £250 to Amplius on acceptance. Lease 990 years (from 2015). Stair casing to 100% permitted with freehold transfer at 100%. A RICS valuation sets the maximum share price; you can’t pay above it. Amplius may ask you to buy a higher share if affordable.

Your step-by-step:

  1. Get a Mortgage in Principle for your intended share.
  2. Apply to Amplius with ID, payslips, bank statements, deposit evidence.
  3. If approved, pay the £250 reservation fee.
  4. Instruct a solicitor experienced in Shared Ownership; progress mortgage & conveyancing.

Smart tip: Build a 12-month budget that stress-tests your mortgage at +2% interest to ensure comfort.

From renting to owning (single buyer) — swap rent rises for equity

If you’re renting solo, Shared Ownership can stabilise monthly outgoings while you build equity. Rathbone Crescent gives you three bedrooms (rent a room later if you like), a kitchen/diner for entertaining, and a garden for summer evenings—plus the city centre and station within a short walk.

What you’ll pay (indicative):

Mortgage on your share + £183.52 pcm rent on 20% + £38.85 pcm management/insurance (to be confirmed) + bills & Council Tax (Band B).

Amplius criteria:

Eligibility & affordability checks; cannot own another home at completion; income thresholds apply; reservation £250; lease 990y; stair casing to 100% (freehold at 100%); RICS cap on share price; Amplius may require a larger share if your affordability supports it.

Your step-by-step:

  1. AIP on your proposed share; compare to your current rent (mortgage + rent + £38.85 + bills).
  2. Amplius application with documents; if approved, pay £250.
  3. Instruct solicitor & proceed to survey, mortgage offer, searches, exchange and completion.

Docs you’ll need: Photo ID, proof of address, last 3 payslips, last 3 bank statements, P60 (if available), deposit proof/AIP, and (if renting) your landlord details.

Smart tip: If your affordability is strong, choosing a slightly larger share can reduce the rent portion and improve long-term costs.

 

 

From renting to owning (couple or friends) — two incomes, one smart move

Buying together often unlocks a bigger share (and therefore a lower rent on the unsold portion). This house’s three bedrooms give you flexibility—main + guest + study—or room for future plans.

What you’ll pay (indicative):

Joint mortgage on your chosen share + £183.52 pcm rent on 20% + £38.85 pcm management/insurance (to be confirmed) + bills & Council Tax B.

Amplius criteria:

Joint eligibility & affordability approval; cannot own another home at completion; income thresholds apply; £250 reservation; 990-year lease; stair casing to 100% (freehold at 100%); RICS cap; Amplius may ask you to buy a higher share if your combined affordability allows.

Your step-by-step:

  1. Agree ownership (ask your conveyancer about joint tenants vs tenants in common).
  2. Joint AIP and joint Amplius application with both sets of documents; pay £250 when accepted.
  3. Instruct one solicitor (with Shared Ownership experience) and progress legal work.

Docs you’ll need: IDs & addresses for both, last 3 payslips each, last 3 bank statements each, P60s (if available), deposit proofs, AIP.

Smart tip: Set up a shared “home costs” account on completion so mortgage, rent and bills are covered automatically each month.

Upsizing from a starter home — a three-bed base that’s still affordable

Need a bigger footprint without jumping to full ownership costs? Rathbone Crescent delivers three bedrooms, garden, parking, and a kitchen/diner that works for family life—still within a walk of the city centre and station.

What you’ll pay (indicative):

Mortgage on your new share + £183.52 pcm rent on the retained 20% + £38.85 pcm management/insurance (to be confirmed) + bills & Council Tax B.

Amplius criteria:

As above: eligibility & affordability, £250 reservation, 990-year lease, staircasing to 100% (freehold at 100%), RICS cap on share price; possibility of being asked to purchase a higher share if affordable.

Your step-by-step:

  1. If selling, line up your sale and obtain a Memorandum of Sale early.
  2. AIP on the share you intend to buy; apply to Amplius; pay £250 once accepted.
  3. Instruct a SO-savvy solicitor; coordinate both transactions to align exchange/completion.

Smart tip: Ask your broker to model the costs at 80% vs a higher share—often, a modest increase in share can lower total monthly outgoings.

 

 

The virtual tour

Our virtual tour lets you explore the flow from hallway to lounge and through to the kitchen/diner and garden, then up to the bedrooms and family bathroom. It’s the quickest way to sense the proportions and light before you visit in person — and it pairs perfectly with our photo set and floor plan.

Click here for the virtual tour

Click here for the virtual tour

Green credentials & running costs

With an EPC rating of B, modern glazing and a new high-efficiency boiler, the home is set-up for sensible energy use. Combined with its walkable setting, it’s a practical choice for buyers who value both comfort and cost control.

One final plain-English note on price

Amplius use a RICS Open Market Valuation to set the maximum they’ll accept for the share price. You can pay less, but not more. Everything (share, rent, fees) will be set out clearly in your Memorandum of Sale once you’re approved.

At a glance

Offering three bedrooms, a modern kitchen/diner, downstairs WC and family bathroom, this EPC B home (approx. 882 sq ft) includes a new Navien boiler and sits in Council Tax Band B. Outside is an enclosed rear garden with patio and lawn plus allocated parking. The location is walkable to the city centre and station, with quick links to the A1(M) and A47. Sold on an 80% shared-ownership basis (Amplius retain 20%); staircasing to 100% is permitted with freehold transfer at 100%.

Like this property but need to sell your own first?

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