2 bedroom apartment for sale
16 Robin Road, Finberry, TN25 7GU
Share percentage 90%, full price £230,000, £10,350 Min Deposit.
Share percentage 90%, full price £230,000, £10,350 Min Deposit.
Monthly Cost: £1,253
Rent £64,
Service charge £36,
Mortgage £1,153*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England 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.
Summary
2 Bedroom Apartment in Ashford now available through Shared Ownership
Description
A spacious ground floor apartment that comes with carport parking and presented in fantastic condition throughout. The accommodation features an open plan lounge/kitchen/dinner with double doors giving access to a private terrace, two double bedrooms (bedroom one with en suite) and a family bathroom.
Finberry is a modern village, established in 2015 on the outskirts of Ashford. The development has excellent links to the m20 motorway, Ashford International train station (direct links to London St Pancras in just 38 minutes) and it has the luxury of only being a short drive to the coast. Finberry is surrounded by green space, including fields, ponds, and woodland, which are connected by footpaths and bridleways. The development is great for those who like to go walking, with a footpath connecting through to the village of Mersham. There are also several children's play parks, and a popular Primary School and Nursery.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Modern Shared Ownership Home
- Ground Floor
- Open Plan Lounge/Kitchen/Diner
- Ensuite to the Main Bedroom
- Car Port Parking
- Easy Access to M20 Motorway
- Tenure: Leasehold (125 years from 29/10/2020).
- Share Available: 90%(£207,000).
- Shared Ownership Rent: £63.79 per month (subject to annual review).
- Lease Management Fee: £25.27 per month (subject to annual review).
- Service Charge: £432.91per annum (subject to annual review).
- Council Tax: Band B, Sevington, Ashford Borough Council
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: B
Property Downloads
Key Information Document Floor PlanMap
The ‘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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 90%, full price £230,000, £10,350 Min Deposit. Calculated using a representative rate of 5.03%
