Shared Ownership
This mid terrace home is available to buy from as little as £135,000 with a 30% share!
Situated in a sought after village location, this two bedroom terraced home offers bright and well proportioned accommodation. The ground floor comprises an entrance hall, a modern fitted kitchen, a convenient downstairs cloakroom and a spacious living room with French doors opening directly onto the private rear garden. Upstairs, the property offers two generous double bedrooms, both benefiting from excellent natural light, together with a contemporary family bathroom.
Gardeners Cottages enjoys a peaceful setting while remaining within easy reach of everyday amenities. The nearby villages of Knockholt and Dunton Green provide local shops, pubs and convenience stores, whilst the historic town of Sevenoaks offers an extensive selection of supermarkets, independent boutiques, cafés, restaurants and leisure facilities. The surrounding countryside and nearby National Trust woodland provide excellent opportunities for walking, cycling and enjoying the outdoors.
The property is well placed for commuters, with Dunton Green and Sevenoaks railway stations offering regular services into London Bridge, Charing Cross and Cannon Street. The A21, M25 and M26 are also easily accessible, providing convenient road links across Kent, London and the wider motorway network.
PRICING & AFFORDABILITY
Full Market Value: £450,000
30% Share Price: £135,000 (rent £777.49pcm)
Minimum 5% Mortgage Deposit (30% share): £6,750
Approximate Service Charges: £223.50 pcm*
Lease: 113 years remaining
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.
** This home can also be purchased outright (100% of the value) which is £450,000 and a purchaser would not need to meet the eligibility criteria listed above.
