Radnor Close, Maidstone, Kent, ME14 2PW

Available through the shared ownership scheme, a purpose built and spacious, one-bedroom, first floor apartment situated in a quiet residential area of Maidstone in Kent.

  

Property description:

The property has been newly decorated and comprises of a bright secure communal entrance with phone entry system, fitted kitchen with inbuilt oven and hob, spacious living room area, large bedroom with fitted wardrobe, bathroom with shower over bath, double glazing throughout and storage cupboard in hallway.

The property also benefits from access to a well-maintained communal garden allocated off-street parking.

 

Length of Lease: Approx. 108 Years

Council Tax Band: Maidstone Council Tax Band – B

Gross Internal Area: 46m2

 

LOCAL AREA INFORMATION

• Located in a quiet residential area of Maidstone.  1.3 miles from Maidstone Town Centre, which offers a wide variety of shops, restaurants and other amenities

• Maidstone East train station is situated 0.7 miles from the apartment and offers direct train services to Ashford International & London Victoria.  Easy access to the M20 providing a direct route to the motorway network

• A short work to the River Medway and plenty of local parks to enjoy nearby

• Several good local schools in the area.

 

FINANCIAL INFORMATION

Property Value = £150,000

Percentage Share = 50%

Share Price = £75,000

Monthly Rent = £257.30 from 1st April 2021*

Monthly Service Charge = £75.18 from 1st April 2021*

Monthly Mortgage Payment = £375 **

Annual Household Income = £23,000 ***

 

*Please note the rent and service charge is reviewed annually on the 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%.

***Is based on a 10% mortgage deposit.  If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

 

Your home may be at risk if you do not keep up your mortgage and rent repayments.  Particulars give a fair overall description of the property and are not intended to constitute an offer or form part of any contract.  Areas, distances or measurements referred to are approximate.  For confirmation of property details refer to the terms of the lease and plans from your solicitor.  Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder.  Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing:

Please call the Sales Team on 0345 606 1221 and provide the following information:

Your Contact Number/Email

Your Hyde New Homes or Help to Buy reference number**

Your Deposit for the mortgage

If it is a Single/Joint application (if married it must be joint)

Your Current salary (single/Joint where applicable)

Do you have any children? If so, how many?

Do you own any pets? If so, what?

Are you a current homeowner?

**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application.  A reference number will be emailed to you once the application is completed.  If you have a Help to Buy reference number, we will accept this as well.

 

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