Share Price £78,500 (from 50% Min. Share)

Full Value £157,000 | £3,925 Min. Deposit

Scheme: Shared Ownership Resales

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Resales - 1 bed apartment in Maidstone

place Haydon Close, ME16 0WG

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One bedroom split level maisonette


Description

SHARED OWNERSHIP

Full market value - £157,000

You pay (50%) - £78,500

Monthly rent - £246.95

Monthly service charge - £36.69

99year lease commenced in January 2003 - 81years remaining.

This one bedroom split level mainsonette is situated in a cul-de-sac, close to Maidstone Hospital, in a catchment area of local schools including two grammar schools, and in close proximity to local amenities as well as having access to Barming, Maidstone West and Maidstone Barracks Stations,all close by.

For shopping, you have a choice of either Fremlins Walk which is located 1.9 miles away or Chequers Centre which is located 2.6 miles away. Both offer a range of high street shops andrestaurants. Waitrose food store is within 1.8 miles and Sainsburys supermarket is within 2.2 miles. If you like to keep fit, Mote Park Leisure Centre is within 2.6 miles both offering a range of sporting activities.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £22,696 If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note thatapplicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. To register and obtain your unique reference number please visit our sales website - lqhomes.com

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description, and do not form the basis of a contract. The descriptions, and all other information, are believed to be correct as atApril 2021.


Key Features

  • Private ground floor entrance.
  • Lounge area, carpeted.
  • Kitchen-diner fitted with beech effect wall and base units and black worktops. Spaces for an oven, fridge freezer and washing machine.
  • One double bedroom.
  • Bathroom fitted with white suite and shower over bath.
  • Double glazed throughout.
  • Gas fired central heating (not tested).
  • Private rear garden.
  • Allocated parking.

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Link to the floor plan
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Calculate Monthly Cost

Share price
£ 78,500
Min. £78,500
Share percentage
Min. 50%
Your deposit
Min. £3,925
Monthly cost*
£675
Cost breakdown
£247
Rent
£37
Service charge
£391
Mortgage*
Calculated using a representative rate of 3.94%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.