2 bedroom apartment for sale
21 St Lawrence Drive, ME16 9FH
Share percentage 40%, full price £250,000, £10,000 Min Deposit.
Share percentage 40%, full price £250,000, £10,000 Min Deposit.
Monthly Cost: £1,048
Rent £384,
Service charge £159,
Mortgage £505*
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, two-bedroom apartment in Maidstone.
Description
The property comprises a communal entrance with entry system, open plan kitchen and reception, kitchen with integrated appliances, two bedrooms, family bathroom with shower over bath and hallway storage.
The property also benefits from access to bicycle storage and allocated parking.
Lease: Commenced 2020 with 999-year term
Council Tax Band: Maidstone Council - C
Approx. Gross Internal Area: 686sq.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 = £250,000
Percentage Share = 40%
Share Price = £100,000
Monthly Ground Rent = £16.66
Monthly Rent = £383.51
Monthly Service Charge = £159.39
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
- The location benefits from a range of amenities right on its doorstep. Tesco, Subway, and other food outlets are directly across the road, offering convenience for daily needs. The nearby hospital provides excellent access to healthcare services. A variety of pubs and an Indian restaurant are just a 5-minute walk away, and a post office is located half a mile from St Lawrence Drive. For larger shopping options, Aylesford Industrial Estate, just a mile down Hermitage Lane, offers stores like Sainsbury's, M&S, Aldi, Halfords, and McDonald’s.
- Barming train station, just under a mile away, provides direct links to London and other major towns. Local bus services, a 2-minute walk away, connect to Maidstone town centre and surrounding areas, ensuring easy travel without a car.
- Several schools in the vicinity make this location ideal for families. Both primary and secondary schools are within easy reach, and the nearby amenities add to the family-friendly appeal of the area.
Particulars
Tenure: Leasehold
Lease Length: 995 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 40%, full price £250,000, £10,000 Min Deposit. Calculated using a representative rate of 4.59%
