Shared Ownership
This superb modern home is available to buy from as little as £171,000 with a 45% share!
A well-presented two-bedroom house offering 723 sq ft of thoughtfully arranged accommodation, a private rear garden and two allocated parking spaces, situated within the popular village of Plaxtol.
The ground floor features a welcoming entrance hall, separate fitted kitchen, convenient cloakroom/WC and a bright, spacious living room. Double doors open from the living room onto the rear garden, creating a lovely flow between the house and outside space.
Upstairs are two well-proportioned bedrooms, a family bathroom and landing. The principal bedroom benefits from a pleasant rear aspect, while the second bedroom offers a versatile space for guests, children or home working.
Outside, the enclosed rear garden provides a good combination of lawn and patio, with mature greenery offering a degree of privacy. There is also a useful garden shed and two allocated parking spaces.
The property is located in the popular village of Plaxtol, surrounded by countryside and scenic walking routes, whilst remaining within easy reach of Sevenoaks, Tonbridge and Borough Green. Local amenities and schools are nearby, with Borough Green & Wrotham railway station providing convenient connections towards London. The location offers an appealing balance of village and countryside living with good access to wider transport links.
PRICING & AFFORDABILITY
Full Market Value: £380,000
45% Share Price: £171,000 (rent £606.31 pcm)
Minimum 5% Mortgage Deposit (45% share): £8,550
Approximate Service Charges: £86.59 pcm*
Lease: 114 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
*Please note there is an 80% staircasing restriction on this property*
