2 bedroom apartment for sale

Available

10 Scott Road, Tonbridge, TN9 2QG

£68,750 Shared Ownership Resale

Share percentage 25%, full price £275,000, £6,875 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£68,750 Shared Ownership Resale

Share percentage 25%, full price £275,000

Monthly Cost: £982

Rent £504, Service charge £112, Mortgage £366*

Calculated using a representative rate of 5.13%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A well-proportioned and well-presented flat which has a dual-aspect reception room with Juliette balcony and a spacious kitchen with walnut-style units and integrated appliances. There is a large main bedroom plus a smaller second double bedroom and an attractive bathroom. A built-in storage/utility cupboard has been provided in the hallway and the well insulated walls and roof, modern double glazing and a gas central heating make for a good energy-efficiency rating. The flat comes with use of an allocated, off-street parking space plus Tonbridge Railway Station, for services to a number of destinations including into London Bridge/Waterloo East/Charing Cross, is within comfortable walking distance or a brief cycle ride. There are well-thought-of schools, both primary and secondary, in the local area and nearby Haysden Country Park offers beautiful outside space to explore.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £275,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/4pa5v37d]

(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 01/07/2014).
Minimum Share: 25% (£68,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £503.74 per month (subject to annual review).
Service Charge: £112.07 per month (subject to annual review).
Guideline Minimum Income: Dual - £28,700 | Single - £33,500 (based on minimum share and 10% deposit).
Council Tax: Band C, 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 may be permitted but only with prior consent from Clarion (which can only be obtained once you are the property owner).

Key Features
  • Guideline Minimum Deposit £6,875
  • Guide Min Income Dual £28.7k | Single £33.5k
  • First (Top) Floor
  • Approx. 701 Sqft Gross Internal Area
  • Dual Aspect Reception Room
  • Juliette Balcony
  • Spacious Kitchen
  • Good Energy Efficiency Rating
  • Allocated, Off-Street Parking Space
  • Tonbridge Station Within Easy Reach
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£68,750
Shared Ownership Resale
Estimated Monthly Cost:£982
Rent £504
Service £112
Mortgage £366

Share percentage 25%, full price £275,000, £6,875 Min Deposit. Calculated using a representative rate of 5.13%

Disclaimer
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.