2 bedroom house for sale
Bastien Lane, Kings Hill, West Malling, ME19 4LX
Share percentage 25%, full price £360,000, £9,000 Min Deposit.
Share percentage 25%, full price £360,000, £9,000 Min Deposit
Monthly Cost: £928
Rent £462,
Service charge £19,
Mortgage £447*
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
A semi-detached and smartly-presented house which has an attractive, dual-aspect kitchen/dining room. There is an under-stairs cloakroom/WC and a full-width reception room with patio doors that open onto the neatly-kept, west/south-west-facing rear garden. On the first floor of the house are two similar-sized double bedrooms and a simple, white-tiled and naturally-lit bathroom. Well insulated walls and roof, modern double glazing and gas central heating make for a good energy-efficiency rating. In front of the house is 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 supermarkets, a selection of other shops/amenities and a choice of three highly-rated primary schools.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £360,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/76wuurkv]
(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 (currently 99 years from 01/04/2008, 50 year extension in progress). Freehold transferred on 100% ownership.
Minimum Share: 25% (£90,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £461.97 per month (subject to annual review).
Service Charge: £18.81 per month (subject to annual review).
Guideline Minimum Income: Dual - £28,900 | Single - £33,800 (based on minimum share and 10% deposit).
Council Tax: Band D, Tonbridge & 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 £9,000
- Guide Min Income Dual £28.9k | Single £33.8k
- Two Storey, Two Bedroom, Semi Detached House
- Approx. 830 Sqft Gross Internal Area
- Bathroom plus Downstairs WC
- Modern Double Glazing and Gas Central Heating
- West/South-West Facing Rear Garden
- Parking Space
Particulars
Tenure: Leasehold
Lease Length: 131 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 25%, full price £360,000, £9,000 Min Deposit. Calculated using a representative rate of 4.42%