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2 bedroom apartment for sale

Available

19 St Lawrence Drive, ME16 9FH

£75,000 · Shared Ownership Resale

Share percentage 30%, full price £250,000, £7,500 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£75,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 30%, full price £250,000, £7,500 Min Deposit

Monthly Cost: £1,045
Rent £462, Service charge £211, Mortgage £372*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Eligibility

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.

Prior to viewing: All applicants must be registered and approved by Hyde New Homes and may be required to carry out a shared ownership affordability assessment.

Summary

A modern, ground floor, two-bedroom apartment in Maidstone.

Description
  • Communal entrance
  • Kitchen with integrated appliances
  • Open plan kitchen and living area
  • Family bathroom with shower over bath
  • Two spacious bedrooms
  • Hallway storage
  • Allocated and communal parking
  • Communal bike storage
  • South facing windows

Lease: Commenced 2020 with 999-year term

Council Tax Band: Maidstone Council – C

Monthly Ground Rent = £16.66

Please note the rent and service charge is reviewed annually 01 April. 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. Please note that the Resales Team have not visited this property.

Key Features
  • Excellent transport links nearby Barming station which gets into London in an hour, perfect for those who may be commuting. Trains are also on the Ashford line making several stops at large stations in Kent and towards London.
  • Buses run regularly from local stops and there is easy access to the M20 motorway.
  • Perfect blend of amenities and countryside, with plenty of places to go for walks and bike rides on the doorstep.
  • There are plenty of restaurants to choose from in town as well as bars, coffee shops and entertainment facilities such as escape rooms and children’s play centres.
  • Close Maidstone Hospital and boasts several local shops and takeaways including Tesco Express and Dominos. There are also various pubs within walking distance.
  • Perfect blend of amenities and countryside, with plenty of places to go for walks and bike rides on the doorstep.
Particulars

Tenure: Leasehold
Lease Length: 994 years
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Energy Certificate
Map
Barming (0.74 miles) East Farleigh (1.33 miles) Maidstone Barracks (1.47 miles)
Material Information

Total rooms: 2

Furnished: Unfurnished

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: Yes - Allocated

Outside Space/Garden: n/a

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

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.

£75,000
Shared Ownership Resale
Estimated Monthly Cost:£1,045
Rent £462
Service Charge £211
Mortgage £372

Share percentage 30%, full price £250,000, £7,500 Min Deposit. Calculated using a representative rate of 4.42%


Disclaimer
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.