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Abery Drive 118120423

Shared ownership

Abery Drive, Larkfield, ME20 7GD

For sale
Shared ownership
Photo of Abery Drive 118120423
Live from space album cover

from

£107,500

with min. deposit

£10,750

50% Share from
£107,500
Full market price
£215,000
Minimum deposit
£10,750
Monthly rent
£243
Monthly service charge
£136.5

2 bedroom flat

The property comprises a communal entrance with entry system, fitted kitchen with integrated appliances, open plan living/dining area leading to a private balcony, two bedrooms, the master bedroom leads out to a Juliette balcony, double glazing throughout, family bathroom with shower over bath and spacious storage cupboard. 

 

The property also benefits from access to a communal garden and allocated parking.

 

Lease: Commenced 2019 with 125-year term

Council Tax Band: Tonbridge & Malling Council - C

Gross Internal Area: 645.8sq.ft.

 

FINANCIAL INFORMATION

Property Value = £215,000

Percentage Share = 50%

Share Price = £107,500

*Monthly Rent = £243.18

*Mon…

Features

Allocated parking

Balcony

Double Glazing

Communal Garden

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area59
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years125
Key Information Document (1)
Key Information Document (2)

from

£107,500

with min. deposit

£10,750

50% Share from
£107,500
Full market price
£215,000
Minimum deposit
£10,750
Monthly rent
£243
Monthly service charge
£136.5
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

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy 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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