2 bedroom apartment for sale
Available
Broomfield Close, TN3 9AF
£117,500 · Shared Ownership Resale

Share percentage 50%, full price £235,000, £5,875 Min Deposit.

Available
2 bedrooms
£117,500 Shared Ownership Resale

Share percentage 50%, full price £235,000, £5,875 Min Deposit.

Monthly Cost: £967
Rent £270, Service charge £111, Mortgage £586*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

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Summary

Look no further if you're seeking a new place to call home! This two-bedroom ground floor apartment is situated close to Tunbridge Wells and conveniently located close to transport links.

Description

- Bathroom with bath tub, overhead shower and glass screen. Basin, W/C, shaving point and radiator
- The apartment is fitted with carpeted flooring throughout the living areas, vinyl to the kitchen and
bathroom
- Gas central heating.
- Outside the apartment there is a private patio area.

- Costs -
PRICE - £117,500*
RENT - £270.16pm
SERVICE CHARGE - 110.94**
*This represents a 50% share of the full open market value of £235000
**This includes: management charge, service charge and building insurance. Rent and service
charges are reviewed annually.

- General Information -
Tenure: Leasehold
Lease: 125 Years from 1st December 2008
Years remaining on lease: 113 approx.
Approximate internal area: 67 sq. m.
Local authority: Wealden District Council
Council tax band: C
EPC rating: D (67)
Ground rent: £75.00

- Terms, conditions and requirements -
Minimum household income requirement: £31,006^
Deposit: If you will be obtaining a mortgage you will need at least £5,875 in savings (i.e. a 5%
deposit).
^If your deposit is more than 5%, the minimum income requirements may be less. Please contact us for further details.
Application process: A financial assessment must be completed before any physical viewing can
take place. This forms part of Home Group's buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.
We will not carry out any credit checks or contact any reference agencies without your written
consent.
Help to Buy Agent: In order to apply you must be registered with Help to Buy South
You will need to provide your HTB reference when completing the application process.
Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.
Pets: Pets are not permitted in buildings with communal areas.
Local connection: Applicants must have a local connection to Wealden, either living, working or have a strong family connection to the district.

Key Features

*£117,500 for a 50% share*
Only £5,875 for a 5% deposit!
50% share available under the shared ownership scheme
Situated next to Frant Train Station
Excellent starter home
Allocated parking
Private patio area
You can purchase more shares up to 100% when the time is right for you

Map
Edenbridge Town (12.03 miles) Edenbridge (Kent) (12.62 miles) Knockholt (18.26 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£117,500
Shared Ownership Resale
Estimated Monthly Cost:£967
Rent £270
Service Charge £111
Mortgage £586

Share percentage 50%, full price £235,000, £5,875 Min Deposit. Calculated using a representative rate of 3.94%


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.