2 bedroom apartment for sale
Mckenzie Court, ME14 1JU
Share percentage 30%, full price £215,000, £6,450 Min Deposit.
Share percentage 30%, full price £215,000, £6,450 Min Deposit.
Monthly Cost: £1,086
Rent £548,
Service charge £211,
Mortgage £327*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available through our resale shared ownership scheme, a fourth floor, two-bedroom apartment in Maidstone.
Description
This top floor apartment comprises a communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated appliances, private balcony, two bedrooms, family bathroom with shower over bath and hallway storage cupboard.
The property also benefits from access to a communal garden and off-street parking.
NO CHAIN
Lease: Commenced 2008 with 125-year term
Council Tax Band: Maidstone Council - D
Approx. Gross Internal Area: 630sq.ft.
FINANCIAL INFORMATION
Property Value = £215,000
Percentage Share = 30%
Share Price = £64,500
*Monthly Rent = £547.78
*Monthly Service Charge = £210.64
**Monthly Mortgage Payment = £330
***Annual Household Income = £38,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
- Within walking distance or short drive of the County town of Maidstone, perfectly located to take advantage of a wide range of shopping and a vibrant choice of cafés, bars and restaurants. Fremlin Walk is host to an array of well- known stores including Laura Ashley, House of Fraser, Pandora, Zara, Superdry and Paperchase. Close by is The Mall, home to a variety of brands and the Royal Star Arcade which offers individual specialist shopping.
- Dining out in Maidstone offers a plethora of styles and international cuisines from a diverse range of fast-food outlets to cosy cafés and stylish restaurants. Leisure activities are well catered for with an extensive cycle route around the town and fishing on the River Medway at Teston. Mote Park offers something for everyone from cycling and walking to a model railway and boating on the lake; festivals and events are held regularly. The Hazlitt Theatre in Earl Street has an eclectic programme of performances from dance and comedy to pantomimes, musicals and drama. Lockmeadow Leisure Complex is home to the Odeon Cinema screening the latest films, the David Lloyd Health Club and a variety of eateries. Mote Park Leisure Centre has five swimming pools, wave and flume, health club and a children’s soft play area.
Particulars
Tenure: Leasehold
Lease Length: 110 years
Council Tax Band: D
Property Downloads
Floor Plan 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 30%, full price £215,000, £6,450 Min Deposit. Calculated using a representative rate of 4.64%
