Share Price £95,000 (from 50% Min. Share)

Full Value £190,000 | £4,750 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Maidstone - Kent

place 12 Allin Place, Fairmeadow, ME14 1FT

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Two bedroom shared ownership apartment available for resale


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.
  • You live in Maidstone - Maidstone District
  • You work in Maidstone - Maidstone District

Description

Located on the original Fairmeadow, running parallel to the River Medway, The Fairmeadow is next to the beautiful Corpus Christi Hall, a grade two listed building, parts of which date back to the 12th century. Modern day Maidstone is, however, right on your doorstep in this prime central position. Fremlin Walk Shopping Centre and many of Maidstone’s most popular bars and restaurants are within walking distance, and its two major stations, Maidstone East and West, are both less than half a mile away.


Key Features

Kitchen
• Glass splashback to hob
• 1 ½ bowl stainless sink and drainer
• Monobloc mixer tap
• Low energy down-lighters

Bathroom
• Brilliant white contemporary sanitary
ware comprising:
- Steel bath
- Dual-flush WC
- Hand basin mounted into vanity unit
• Monobloc mixer taps
• Thermostatic shower over bath
• Heated ladder-style towel rail
• Shaver light and socket
• Low energy down-lighters

General
• Fitted carpets to living/dining area, bedrooms and hall
• Gas central heating
• Double-glazed throughout
• Air ventilation system to kitchen and bathroom
• Video door entry system
• Balcony
• Bicycle store
• Allocated, secure undercroft parking


Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 95,000
Min. £95,000
Share percentage
Min. 50%
Your deposit
Min. £4,750
Monthly cost*
£837
Cost breakdown
£232
Rent
£132
Service charge
£473
Mortgage*
Calculated using a representative rate of 3.94%
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.