1 bedroom Flat for sale,

Hughenden Reach, Tovil, Kent, ME15

In summary, this property offers an excellent opportunity to acquire a spacious one-bedroom flat under a shared ownership scheme. For more information or to arrange a viewing, please do not hesitate to get in touch today. This could be your first step onto the property ladder.

Location

The location of this property is perfect. You have Maidstone West Main line station 0.4 miles away, Maidstone Barracks 0.8 miles away and Maidstone East 0.9 miles away all walking distance to the property. In addition to this you have the Maidstone Town Centre offering a huge variety of shops offering high end designer fashion to coffee shops, restaurants and plenty of bar's. If you enjoy a buoyant night life then Maidstone is the place to be. <br /> <br /> With good access to the M20 Junction 5, 6 and 7 are all under 2.5 miles away. <br /> <br /> If you enjoy the outdoors then Moat Park is a beautiful multi -use public park offering 440 acres. You have a huge lake, miniature railway, large play park and a café for any refreshments. <br /> <br /> What more could you possibly need from your first property.

Bedroom

16'9" x 10'6" (5.10m x 3.20m)

Bathroom

6'3" x 7'10" (1.90m x 2.40m)

Kitchen

8'2" x 9'2" (2.50m x 2.80m)

Lounge

12'2" x 16'9" (3.70m x 5.10m)

Leashold information

111 years left on the leaseRent £322.41 (Based on 25% share)Service charge £335.28Total monthly payment £657.69Please note that rent & service charges are reviewed every year and they may be subject to an increase from 1st April

Shared ownsership information

The share purchase price is calculated using the full market value and the percentage share purchased. Minimum share 25%.If you buy a 25% share, the share purchase price will be £40,000 and the rent will be £322.41 a monthIf you buy a larger share, you'll pay less rent. The table below shows further examples.Share Share Purchase PriceMonthly rent35% £56,000 £279.4245% £72,000 £236.4355% £88,000 £193.4565% £104,000 £150.4675% £120,000 £107.47The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial assessment.Please note that buying more shares than the current shared owner is selling is referred to as staircasing, if you can afford to purchase a larger share in the property you will incur some additional legal fees at the start of the process of between £250 + VAT & £300 + VAT depending on the property lease. This will be held by your solicitor at the start of conveyancing and returned to you at completion, in the event that your purchase does not complete these fees will be used to cover abortive costs.

IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.