3 bedroom house for sale
Bastien Lane, Kings Hill, West Malling, ME19 4LX
Share percentage 25%, full price £400,000, £10,000 Min Deposit.
Share percentage 25%, full price £400,000
Monthly Cost: £968
Rent £453, Service charge £19, Mortgage £496*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A great chance to buy a three-bedroom family home in the popular village of Kings Hill. This smartly-presented property has a bright and spacious kitchen with Belfast-style sink and wall-mounted double oven. There is an under-stairs cloakroom/WC and a full-width reception room with patio doors that open onto an attractive, south/south-east-facing rear garden. On the first floor of the house is a large main bedroom, a good-sized second double bedroom, a third bedroom/home office and a stylish, naturally-lit bathroom. Well insulated walls and roof, modern double glazing and gas central heating make for a good energy-efficiency rating. Behind the terrace, and easily accessible via the garden gate, is a parking area which includes a space allocated to this house. 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 £400,000).
PLEASE USE THIS LINK [https://tinyurl.com/yc22w9cp] TO SUBMIT YOUR APPLICATION
(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% (£100,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £452.70 per month (subject to annual review).
Service Charge: £18.81 per month (subject to annual review).
Guideline Minimum Income: Dual - £30,200 | Single - £35,700 (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 £10,000
- Guide Min Income Dual £30.2k | Single £35.7k
- Two Storey, Three Bedroom, Mid Terrace House
- Approx. 830 Sqft Gross Internal Area
- Bathroom plus Downstairs WC
- Modern Double Glazing and Gas Central Heating
- South/South-East-Facing Rear Garden
- Parking Space
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 25%, full price £400,000, £10,000 Min Deposit. Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
