2 bedroom apartment for sale
1 Nottingham Drive, Kings Hill, West Malling, ME19 4UD
Share percentage 40%, full price £275,000, £11,000 Min Deposit.
Share percentage 40%, full price £275,000
Monthly Cost: £1,077
Rent £453, Service charge £69, Mortgage £555*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This immaculately-presented, top-floor flat has a twenty-four-foot, dual-aspect reception room with attractive flooring, open-plan kitchen area and Juliette balcony. There is a main bedroom with fitted, mirror-fronted wardrobe plus a spacious second double bedroom and a stylish bathroom. The energy-efficiency rating is very good, thanks to well insulated walls and roof, high performance glazing and gas central heating.
Kings Hill is a relatively new village, built on a former RAF airfield in semi-rural Kent. Amenities include three primary schools (one Ofsted-rated 'Good' and two 'Outstanding'), a nursery, doctors surgery, supermarkets, a Little Waitrose and a variety of places to eat and drink all within walking distance. The flat comes with use of an allocated parking space or, alternatively, West Malling Railway Station can be reached by bike or via local bus.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £275,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/2szzyprn]
(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 (999 years from 01/09/2020).
Minimum Share: 40% (£110,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £452.65 per month (subject to annual review).
Service Charge: £68.61 per month (subject to annual review).
Guideline Minimum Income: Dual - £33,700 | Single - £40,000 (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. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £11,000
- Guide Min Income Dual £33.7k | Single £40k
- Second (Top) Floor
- Approx. 773 Sqft Gross Internal Area
- Dual Aspect Kitchen/Reception Room
- Very Good Energy Efficiency Rating
- Parking Space
- Very Long Lease
Particulars
Tenure: Leasehold
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureThe ‘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 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.
Share percentage 40%, full price £275,000, £11,000 Min Deposit. Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
