1 bedroom apartment for sale
London Road, ME16 0GD
You may be eligible for this property if:
- You are be a first time buyer
- You live or work in the borough of Maidstone
- You have an income less than £ 80,000
- You must not be able to afford to purchase a home suitable for your needs on the open market
- You must not be in rent arrears
- You must have a good credit history
- You must have or have access to £4,000 to cover the costs of purchase and moving along side your exchange deposit
All potential purchasers will need to be qualified by our in house financial advisor who will check credit and affordability. Subject to passing these checks and eligibility your application will be passed to Golding Places for consideration.
Summary
Fantastic Opportunity to Buy this 1 Bedroom Apartment with a 20% Discount from the Full Market Value
Description
Plot 4 Somerfield Terrace is being offered for sale with a 20% discount under the discounted market sale scheme* The property comes with large living dining area, separate kitchen with integrated appliances and quartz worktops. Bright master bedroom and luxury bathroom with rain fall shower
*Discount Market Sale
Discount Market Sale (DMS), a low cost home ownership product where you can buy a new build or existing property at a discounted price from a local council participating in the scheme in collaboration with developers (who are often housing associations). This discount is 20%. A restriction is placed on the property's Land Registry Title to ensure that the property remains at that discounted rate in perpetuity for future purchasers. The scheme is to help low and middle earners and first time buyers get onto the property ladder. Much like schemes such as Help to Buy and Shared Ownership there are eligibility criteria which you have to meet to satisfy the scheme's administrators. They are sold at 20% below their current market value to buyers who meet the criteria.
Key Features
- ***Discounted Market Sale*** subject to eligibility
- Price advertised is 80% of the full value of £200,000
- No rent payable on the 20%
- Stunning grade II listed conversion
- Fitted kitchen with quartz worktop
- Luxury bathroom with rain fall shower
- Allocated Parking
Particulars
Tenure: Leasehold
Council Tax Band: Not specified
