2 bedroom apartment for sale


Burbank Lodge, 143 London Road, Southborough, Kent, TN4 0NA

£160,000 · Shared Ownership Resale

Share percentage 50%, full price £320,000, £16,000 Min Deposit.

2 bedrooms
2 Bathrooms
Floor plan
Floor plan
£160,000 Shared Ownership Resale

Share percentage 50%, full price £320,000, £16,000 Min Deposit.

Monthly Cost: £1,484
Rent £453, Service charge £122, Mortgage £909*

Calculated using a representative rate of 5.79%

Calculate estimated monthly costs


A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership Basis


An attractively-presented, first-floor flat which has a spacious, dual-aspect reception room with wood flooring and stylish, open-plan kitchen featuring handle-less units and integrated appliances. One of the bedrooms also benefits from windows on two sides while the other includes a fitted wardrobe and high-spec, en-suite shower room. There is a sleek bathroom and a large storage/utility cupboard in the naturally-lit hallway. Burbank Lodge is a recently constructed development and the well insulated walls and high performance glazing make for a good energy-efficiency rating. The location is right in the heart of town, opposite Southborough Library and just off the high street. The property comes with use of a parking space and is also within walking distance, or brief bike ride, of High Brooms Station, for rail services between Hastings and London Charing Cross.

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £320,000).


(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: heylo.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 50% (£160,000).
Shared Ownership Rent: £452.91per month (subject to annual review).
Service Charge + Management Fee: £121.69 per month (subject to annual review).
Guideline Minimum Income: Dual - £47,400 | Single - £54,300 (based on minimum share and 10% deposit).
Council Tax: Band D, Tunbridge Wells Borough Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).

Key Features
  • Guideline Minimum Deposit £16,000
  • Guide Minimum Income £47.4k Dual £54.3k Single
  • First Floor
  • Approx. 861 Sqft Gross Internal Area
  • Dual Aspect Kitchen/Reception Room
  • Bathroom plus En-Suite Shower Room
  • Parking Space
  • Shops and Other Amenities Close By

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D

Property Downloads
Floor Plan Brochure Energy Certificate
High Brooms (0.82 miles) Tunbridge Wells (1.79 miles) Tonbridge (2.45 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.

Shared Ownership Resale
Estimated Monthly Cost:£1,484
Rent £453
Service Charge £122
Mortgage £909

Share percentage 50%, full price £320,000, £16,000 Min Deposit. Calculated using a representative rate of 5.79%

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.