1 bed flat for sale

Hughenden Reach, Tovil, Maidstone, Kent ME15

For Sale: A one-bedroom flat, neutrally decorated and situated in a well-connected location with an array of public transport links, local amenities, green spaces, walking and cycling routes. This property is an excellent opportunity for first-time buyers looking to enter the property ladder.

The flat is part of a shared ownership scheme, offering a 25% share with the possibility to purchase up to 100% if desired. Please note, a specific buyer criteria needs to be met for this offer.

As you enter the flat, you are welcomed by an open-plan reception room that seamlessly blends into the kitchen. This space is wonderfully spacious, providing ample room for comfortable living and dining. The kitchen is well-equipped, ready to cater for all your culinary needs.

The property boasts one well-sized bedroom, offering a tranquil retreat after a long day. Furthermore, there is a fully fitted bathroom, completing the living accommodation on offer.

One of the highlights of this property is the shared garden, accessible only to residents. This open space provides a perfect spot for relaxation and socialising. Additionally, the development provides an allocated parking space undercover and several visitor bays for your convenience.

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.

Important Note to Potential Purchasers & Tenants:
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 traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

MAI250544/8

Description

For Sale: 25% Shared ownership opportunity, offering a one-bedroom flat, neutrally decorated and situated in a well-connected location with an array of public transport links, local amenities, green spaces, walking and cycling routes. This property is an excellent opportunity for first-time buyers looking to enter the property ladder.

The flat is part of a shared ownership scheme, offering a 25% share with the possibility to purchase up to 100% if desired. Please note, a specific buyer criteria needs to be met for this offer.

As you enter the flat, you are welcomed by an open-plan reception room that seamlessly blends into the kitchen. This space is wonderfully spacious, providing ample room for comfortable living and dining. The kitchen is well-equipped, ready to cater for all your culinary needs.

The property boasts one well-sized bedroom, offering a tranquil retreat after a long day. Furthermore, there is a fully fitted bathroom, completing the living accommodation (truncated)

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.

With good access to the M20 Junction 5,6 and 7 are all under 2.5 miles away.

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.

What more could you possibly need from your first property.

Entrance Hall

Bedroom (5.1m x 3.2m)

Bathroom (1.9m x 2.4m)

Kitchen (2.5m x 2.8m)

Lounge (3.7m x 5.1m)

Leashold Information

111 years left on the lease
Rent £322.41 (Based on 25% share)
Service charge £335.28
Total monthly payment £657.69
Please 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 month
If you buy a larger share, you'll pay less rent. The table below shows
further examples.
Share Share Purchase
Price
Monthly rent
35% £56,000 £279.42
45% £72,000 £236.43
55% £88,000 £193.45
65% £104,000 £150.46
75% £120,000 £107.47
The 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 (truncated)