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2 Broke Wood Way (4130923)

Shared ownership

2 Broke Wood Way, Maidstone, ME16 9FA

For sale
Shared ownership
Photo of 2 Broke Wood Way (4130923)
Live from space album cover

from

£60,000

with min. deposit

£6,000

25% Share from
£60,000
Full market price
£240,000
Minimum deposit
£6,000
Monthly rent
£466
Monthly service charge
£93.12

2 bedroom flat

Available through our resale shared ownership scheme, a first floor, two-bedroom apartment in Maidstone.

   

Property 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 cupboards. 

 

The property also benefits from access allocated parking.

 

Lease: Commenced 2019 with 999-year term

Council Tax Band: Maidstone Council - C

Gross Internal Area: 682sq.ft.

 

 

FINANCIAL INFORMATION

Property Value = £240,000

Percentage Share = 25%

Share Price = £60,000

Monthly Ground Rent = £20.83

*Monthly Rent = …

Features

Allocated parking

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area63.36
Number of floors1
Entrance floor1st floor
Tenureleasehold

from

£60,000

with min. deposit

£6,000

25% Share from
£60,000
Full market price
£240,000
Minimum deposit
£6,000
Monthly rent
£466
Monthly service charge
£93.12
Hyde New Homes

Hyde New Homes

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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