2 bedroom house for sale
Edington Way, Kings Hill, West Malling, ME19 4SW
Share percentage 40%, full price £385,000, £15,400 Min Deposit.
Share percentage 40%, full price £385,000, £15,400 Min Deposit
Monthly Cost: £1,453
Rent £630,
Service charge £59,
Mortgage £764*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This smartly-presented, semi-detached property has an attractive kitchen with large, south/south-west-facing window providing plenty of natural light. There is a ground-floor WC and a large storage/utility cupboard accessible from the hallway. The spacious reception room features patio doors that open onto the neatly-kept rear garden which can also be reached via a side gate. Upstairs, on the first floor of the house, is a main bedroom with fitted wardrobe and en-suite shower room plus a generously-sized second double bedroom and a stylish bathroom. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. The property also has a small, front garden and comes with an allocated parking space.
Kings Hill is a 'new' village approximately six miles to the west of Maidstone. Work began in 1989 to turn an area that had previously been both royal hunting ground and RAF airfield into a desirable place to live. There are a pair of supermarkets plus a Little Waitrose, a selection of other amenities close by and a choice of three primary schools, all Ofsted-rated either 'Good' or 'Outstanding'.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £385,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/mu4wra75]
(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: Clarion.
Tenure: Leasehold (125 years from 01/09/2020).
Minimum Share: 40% (£154,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £630.27 per month (subject to annual review).
Service Charge: £58.68 per month (subject to annual review).
Guideline Minimum Income: Dual - £50,600 | Single - £58,000 (based on minimum share and 10% deposit).
Council Tax: Band D, Tonbridge and Malling 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.
Key Features
- Guideline Minimum Deposit £15,400
- Guide Min Income Dual £50.6k | Single £58k
- Two Storey, Two Bedroom, Semi Detached House
- Approx. 882 Sqft Gross Internal Area
- Bathroom, Shower Room and Downstairs W.C.
- Very Good Energy Efficiency Rating
- Front and Rear Gardens
- Allocated Parking Bay
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes - Private Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 40%, full price £385,000, £15,400 Min Deposit. Calculated using a representative rate of 4.42%