3 bedroom house for sale
53 The Farrows, ME15 9ZJ
Share percentage 70%, full price £340,000, £11,900 Min Deposit.
Share percentage 70%, full price £340,000, £11,900 Min Deposit.
Monthly Cost: £1,595
Rent £190,
Service charge £43,
Mortgage £1,362*
Calculated using a representative rate of 5.30%
Calculate estimated monthly costs
Summary
Offered for sale is this lovely family home in Maidstone under shared ownership.
Description
Offered for sale is this lovely family home in Maidstone under shared ownership.
The property briefly comprises of a kitchen, downstairs WC and spacious living room leading to the private garden.
The kitchen includes integrated oven, ceramic hob and extractor fan, along with space for dishwasher, fridge/freezer and washing machine.
The first and second floor comprise of three generously sized bedrooms and a family bathroom.
Externally is the low maintenance rear garden mainly laid to lawn with a patio dining area and purpose built shed.
There is private allocated parking to the front of the property.
Please note that the price reflects a 70% share in the property (full market value of £340,000).
The rent payable is £190.47pcm
The service charge is £42.56pcm
The terms of the lease for this property are 125 years, starting from 2012.
Please see attached an important document with key information about Shared Ownership to support with any queries you may have and feel free to get in touch if you have any follow up questions
Key Features
70% share for sale
Private garden
Allocated parking
Set over three floors
Lease of 125 years
Pets welcome!
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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.
Share percentage 70%, full price £340,000, £11,900 Min Deposit. Calculated using a representative rate of 5.30%
