1 bedroom apartment for sale
Stafford Gardens, ME15 6GZ
Share percentage 50%, full price £155,000, £7,750 Min Deposit.
Share percentage 50%, full price £155,000, £7,750 Min Deposit.
Monthly Cost: £686
Rent £200,
Service charge £95,
Mortgage £391*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available through our resale shared ownership scheme, a ground floor, one-bedroom apartment in Maidstone.
Description
Property description:
The property comprises a communal entrance with entry system, kitchen with integrated and standalone appliances, living/dining area, one bedroom, family bathroom with shower over bath, a W/C and a spacious walk in storage cupboard.
The property also benefits from access to a courtyard and allocated parking.
Lease: Commenced 2020 with 125-year term
Council Tax Band: Maidstone Council - C
Approx. Gross Internal Area:509sq.ft.
Prior to viewing: All applicants must be registered and approved by Hyde New Homes and may be required to carry out a shared ownership affordability assessment.
FINANCIAL INFORMATION
Property Value = £155,000
Percentage Share = 50%
Share Price = £77,500
Monthly Rent = £199.53
Monthly Service Charge = £95.37
Please note the rent and service charge is reviewed annually 01 April.
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen. Please note that the Resales Team have not visited this property.
Key Features
LOCAL AREA INFORMATION
· Prime Location in Maidstone; Located in a quiet, tranquil residential area, Stafford Gardens offers easy access to the heart of Maidstone. You’re just minutes away from Fremlin Walk shopping centre, dining, and entertainment options, offering the best of both peaceful living and convenient access to urban amenities.
· Excellent Transport Links; The property benefits from excellent transport connections. With Maidstone East and West stations nearby, you have quick access to London and surrounding areas, making it ideal for commuters. The nearby M20 also provides easy access to the coast or to London by car.
· Walking distance; The flat is ideally located with most essential amenities and conveniences within easy walking distance. You’ll find supermarkets, cafes, healthcare facilities, and leisure spots just a short stroll away, making daily errands and activities both convenient and accessible without needing a car.
· Access to Green Spaces; Located close to Mote Park, one of the largest parks in Kent, offering beautiful green spaces, lakes, and leisure activities. Perfect for families, outdoor lovers, and those who enjoy peaceful weekend strolls.
· Up-and-Coming Area; Maidstone has been experiencing significant growth and regeneration, with new developments and infrastructure improvements enhancing the overall appeal of the area. This makes it not only a great place to live but also a smart investment for the future, as property values in the area are expected to rise.
· Well-Connected to Schools and Services; Ideal for individuals or couples, the flat is within proximity to high-rated schools and essential services such as healthcare facilities and supermarkets. The convenient location is perfect for anyone looking to balance work, leisure, and lifestyle.
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 50%, full price £155,000, £7,750 Min Deposit. Calculated using a representative rate of 4.59%
