2 bedroom apartment for sale
Iron House, 31 Avebury Avenue, Tonbridge, TN9 1TL
Share percentage 35%, full price £320,000, £11,200 Min Deposit.
Share percentage 35%, full price £320,000, £11,200 Min Deposit.
Monthly Cost: £1,271
Rent £596,
Service charge £110,
Mortgage £565*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
An attractive, first-floor flat which has a spacious, dual-aspect reception room with herringbone flooring and an open-plan kitchen area. A glazed door leads out onto a corner balcony. Both the main bedroom and second bedroom are generously-sized doubles and the hallway provides built-in storage space as well as access to the stylish bathroom. The energy-efficiency rating is very good, thanks to well insulated walls and floor, high performance glazing and a modern gas central heating system. Iron House is close to the centre of town, the eastern end of Avebury Avenue connecting with the main high street. There are several schools Ofsted-rated either 'Good' or 'Outstanding' in the local area. Tonbridge Railway Station, for services to a number of destinations including in to London Bridge/Waterloo East/Charing Cross, is just a few minutes walk away. The development has a car park which includes an allocated space for this flat.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £320,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/47jd3a9z]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/02/2018).
Minimum Share: 35% (£112,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £595.63 per month (subject to annual review).
Service Charge: £109.78 per month (subject to annual review).
Ground Rent: £150.00 for the year.
Guideline Minimum Income: Dual - £41,500 | Single - £47,800 (based on minimum share and 10% deposit).
Council Tax: Band C, Tonbridge & Malling Borough Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £11,200
- Guide Min Income Dual £41.5k | Single £47.8k
- First Floor (building has a lift)
- Approx. 764 Sqft Gross Internal Area
- Very Good Energy-Efficiency Rating
- Corner Balcony
- Parking Space
- Minutes from Tonbridge Station
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 35%, full price £320,000, £11,200 Min Deposit. Calculated using a representative rate of 4.59%