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Flat 19 Birch House

Shared ownership

Royal Tunbridge Wells, Tunbridge Wells, TN2 3FW

For sale
Shared ownership
Photo of Flat 19 Birch House
Live from space album cover

from

£164,500

with min. deposit

£8,225

70% Share from
£164,500
Full market price
£235,000
Minimum deposit
£8,225
Monthly rent
£175
Monthly service charge
£127.48

1 bedroom flat

Moat is pleased to present to the market this well presented one bedroom third floor apartment situated on the Knights Wood development built around 2016. The property itself is approx. 52m2 and comprises of an entrance hallway, open plan living / dining / kitchen area, master bedroom and bathroom. The property also benefits from an allocated parking space. Tunbridge Wells is approx. three miles away and has a wide range of high street shops, boutiques, cafes and restaurants to choose from.  There are leisure facilities such as an Odeon cinema, Hollywood Bowl and Nuffield Health Centre just half a mile away. There are several schools in the …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floor3rd floor
Tenureleasehold
EER Current84
EER Potential84

from

£164,500

with min. deposit

£8,225

70% Share from
£164,500
Full market price
£235,000
Minimum deposit
£8,225
Monthly rent
£175
Monthly service charge
£127.48
Moat Homes

Moat 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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