3 bedroom house for sale
Rubens Court, Coxheath, Maidstone, ME17 4GN
Share percentage 45%, full price £365,000, £16,425 Min Deposit.
Share percentage 45%, full price £365,000
Monthly Cost: £1,497
Rent £573, Service charge £65, Mortgage £859*
Calculated using a representative rate of 4.94%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This smartly-presented, gable-fronted property is located in the village of Coxheath to the south of Maidstone. No Onward Chain. The property has a cloakroom/WC and a sleek, modern kitchen at the front while at the rear is a spacious reception/dining room. Patio doors open onto a neatly-maintained garden which can also be accessed via a side gate. On the first floor of the house is a stylish bathroom, a full-width main bedroom and two more good-sized bedrooms at the rear. The bathroom (with bath and shower) and WC benefit from natural lighting and ventilation by virtue of the property's end-of-terrace position. Well-insulated walls, roof and floor, high performance glazing and gas central heating all contribute towards a very good energy-efficiency rating. The property comes with two forecourt parking spaces and there are also some, shared, visitor spaces. The village centre is only a short walk away and Maidstone town centre is accessible by regular bus routes. Coxheath Primary School, which is just minutes away, is Ofsted-rated 'Good' and there are several other well-thought-of primaries in the surrounding area.
SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £365,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/ymwtzz32]
(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 01/03/2019). Freehold transferred on 100% ownership.
Minimum Share: 45% (£164,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £572.57 per month (subject to annual review).
Service Charge: £65.45 per month (subject to annual review).
Guideline Minimum Income: Dual - £49,300 | Single - £56,300 (based on minimum share and 10% deposit).
Council Tax: Band D, Maidstone 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 £16,425
- Guide Min Income Dual £49.3k | Single £56.3k
- Two Storey, End of Terrace House
- Approx. 906 Sqft Gross Internal Area
- Generously-Sized Main Bedroom
- Spacious Reception/Dining Room
- Bathroom plus Downstairs WC
- Very Good Energy Efficiency Rating
- Rear Garden
- Two Parking Spaces
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 45%, full price £365,000, £16,425 Min Deposit. Calculated using a representative rate of 4.94%
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