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Acorn Close 12140423

Shared ownership

Acorn Close, Maidstone, ME16 8FX

For sale
Shared ownership
Photo of Acorn Close 12140423
Live from space album cover

from

£214,500

with min. deposit

£21,450

55% Share from
£214,500
Full market price
£390,000
Minimum deposit
£21,450
Monthly rent
£431
Monthly service charge
£56.02

3 bedroom house

The property comprises a private and wheelchair accessible entrance, fitted kitchen with integrated appliances, an office space or nursery, living room, three large double bedrooms (master bedroom has ensuite), family bathroom with shower over bath and a W/C.  There is loft space for plenty of storage. 

 

The property has laminated flooring with insulated underlay throughout the living room and landing areas.  It also benefits from a conservatory situated in direct sunlight with double doors leading to direct access to a well maintained east facing rear garden, a communal front garden and allocated parking. 

 

Lease: Commenced 2017 with …

Features

Allocated parking

Communal Garden

Private Garden

Bedrooms3
Bathrooms2
Reception rooms1
Furniture statusunfurnished
Floor area108
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years999
Key Information Document (1)
Key Information Document (2)

from

£214,500

with min. deposit

£21,450

55% Share from
£214,500
Full market price
£390,000
Minimum deposit
£21,450
Monthly rent
£431
Monthly service charge
£56.02
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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