Milton Court, Milton Lane, Kings Hill, West Malling, Kent ME19 4HX

£52,500 Shared Ownership

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  • Guideline Minimum Deposit £5,250
  • Guideline Income Dual £13.4k, Single £14.7k
  • Ground Floor with Own Entrance
  • Approx. 675 Sqft Gross Internal Area
  • Double Glazing
  • Gas Central Heating
  • Parking Space
  • School/Supermarket/Amenities Nearby

General Description

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

 

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £210,000). This well-presented flat sits near the centre of the village of Kings Hill, built on a former RAF airfield in semi-rural Kent. Features include a reception room with bay window to take advantage of the south/south-western aspect. There is a good-sized kitchen and two bedrooms both of which are comfortable doubles (one currently used as a dining room). The flat is accessed via a private entrance and comes with a parking space. There is a primary school, doctors surgery, pharmacy, Asda supermarket, Little Waitrose, coffee shop and other stores all close by.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://bit.ly/2Gws75k]

(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.)

 

Tenure: Leasehold (125 years from 2004)
Minimum Share Available: 25% (£52,500). The housing association will expect you to purchase the largest affordable share which may be more than the advertised minimum.
Shared Ownership Rent: £185.26 per month. The rent is subject to annual review.
Service Charge: £64.63 per month. The service charge is subject to annual review.
Guideline Minimum Household Income: £13,350 assuming dual incomes and a 10% deposit of a 25% share. Equivalent single-income figure would be £14,650.
Council Tax: Band C, Tonbridge & Malling (£1639.32 for 2019-20). Priority may be given to applicants that currently live and/or work in the Borough of Tonbridge & Malling.

The property is offered for sale on a sold-as-seen basis. Clarion Housing do not offer any warranties on the domestic appliances in the property or undertake to carry out any remedial work or redecoration work of a cosmetic nature. Pets only allowed with written permission from the housing association.

Dimensions

Reception
13' 2" x 13' 1" into bay (4.01m x 3.99m)
Kitchen
11' 2" x 9' 3" (3.40m x 2.82m)
Bedroom ( Bedroom 1 )
11' 5" x 10' 9" (3.48m x 3.28m)
Bedroom ( Bedroom 2 )
11' 2" x 8' 3" (3.40m x 2.51m)
Bathroom
Energy Effeciency Rating

Floorplans


Shared Ownership

WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and the Homes and Communities Agency (HCA) outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and HCA set the eligibility criteria for Shared Ownership, but broadly speaking you must:
 Not own another property in the UK or any other country.
 Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
 Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
 Be in full time permanent employment.
 Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
 Have a good credit history.
If you are still unsure about Shared Ownership or would like more information view [ Facts and Frequently Asked Questions]

Location

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