3 bedroom house for sale

Available

6 Alliance Terrace, Alliance Terrace, ME17 3XD

£185,000 · Shared Ownership New Build

Share percentage 50%, full price £370,000, £9,250 Min Deposit.

Available
3 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£185,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £370,000, £9,250 Min Deposit.

Monthly Cost: £1,425
Rent £424, Service charge £50, Mortgage £951*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

£
Eligibility
To be eligible for shared ownership you would need to meet the following criteria:
  • Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
  • You have a deposit of at least 5% of the share value
  • You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
  • This will be your only residence.
  • You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Summary

Wonderful 3 bedroom terraced house in the Monchelsea Park development. The price advertised represents purchasing a 50% share of the home.

Description

Wonderful 3 bedroom terraced house in the Monchelsea Park development. The price advertised represents purchasing a 50% share of the home.

About the Development

Monchelsea Park is a brand-new development offering two and three bedroom houses, available now through Shared Ownership.

Set in a desirable location close to Maidstone town centre and local amenities with abundant of nature walking distance away. It’s a perfect family location to live.

Just a short drive from Maidstone town centre and close to the Maidstone East and West stations and with an array of outstanding schools nearby.

About the Home

Entrance hall, access to the lounge or direct in front stairs to the first floor, from the lounge you have a WC and access to the kitchen diner, First floor landing with three bedrooms and family bathroom. Access to the rear enclosed garden via the sliding rear patio doors.

About the Area

Maidstone is a popular location, with the benefits of mother nature and open green areas nearby and with all prime local amenities within easy access. Discover places which are designed to maximise open green space, with walking and cycle paths and create a true connection between people and nature all on your doorstep. Close to schools and main street amenities. Not far from the A229 for all connections to London and coastal journeys.

Shared Ownership

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

T&Cs

*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.

*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.

Key Features
  1. 3 bedroom terraced house
  2. Flooring throughout
  3. Storage space
  4. Sliding doors to patio
  5. Private garden
  6. Spacious living area
  7. 3 piece bathroom with shower over bath
  8. There will be an added service charge
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Energy Certificate
Map
Bearsted (2.42 miles) Maidstone West (3.06 miles) Hollingbourne (3.07 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 and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

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

£185,000
Shared Ownership New Build
Estimated Monthly Cost:£1,425
Rent £424
Service Charge £50
Mortgage £951

Share percentage 50%, full price £370,000, £9,250 Min Deposit. Calculated using a representative rate of 4.24%


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.