2 bedroom house for sale
Vigor Close, East Malling, ME19 6FS
Share percentage 25%, full price £380,000, £9,500 Min Deposit.
Share percentage 25%, full price £380,000
Monthly Cost: £1,118
Rent £588, Service charge £59, Mortgage £471*
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
This well-presented property forms one end of a short, four-house terrace and has an attractive kitchen at the front, a central cloakroom/WC and a reception/dining room at the rear. Patio doors open onto a raised platform with three steps then leading down to the garden, which can also be accessed via a side gate and includes a pair of timber outbuildings. On the first floor of the house is a spacious main bedroom plus a second, good-sized, double bedroom and a naturally-lit shower room with marble-style tiles. Modern insulation standards, double glazing and gas central heating make for a good energy-efficiency rating. The house comes with a two-car driveway and the local roads provide easy access to the M20 as well as many of the regions other major routes. Alternatively, East Malling Station is just a short walk away for rail services between Ashford and London Victoria. The local primary and secondary schools are both Ofsted-rated 'Good' and there are several other well-thought-of schools in the surrounding area.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £380,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/8tjcrat6]
(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 (125 years from 01/04/2011). Freehold transferred on 100% ownership.
Minimum Share: 25% (£95,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £587.51 per month (subject to annual review).
Service Charge: £59.44 per month (subject to annual review).
Guideline Minimum Income: Dual - £34,200 | Single - £40,500 (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 £9,500
- Guide Min Income Dual £34.2k | Single £40.5k
- Two Storey, End of Terrace House
- Approx. 804 Sqft Gross Internal Area
- Attractive Kitchen
- Two Good-Sized Double Bedrooms
- Shower Room plus Downstairs WC
- Modern Double Glazing and Gas Central Heating
- Rear Garden
- Two Car Driveway
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 £380,000, £9,500 Min Deposit. Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
