A two-bedroom semi-detached house, located within the sought after Little Burton development in Kennington, offered for sale under the shared ownership scheme with a 60% share available to purchase at a price of £165,000. The full price is £275,000. The property offers a through living room, kitchen/dining room looking out onto the garden, two double bedrooms, family bathroom and a downstairs cloakroom too. The garden enjoys sun throughout the day whilst to the front, is parking for two cars. Due to this property only being available only under the shared ownership scheme, any prospective purchaser must demonstrate their eligibility for the scheme, please contact us for details on how to do this. Shared Ownership Details: Rent payable on unowned share: £338.25 per month (based on a 60% owned share) Service Charge Information Service charge payment: £29.16 per month (£349.92 annually)
What is Shared Ownership?
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share property. You pay a mortgage on the share you own, and pay a subsidised rent to a housing association on the remaining share. Because the you only need a mortgage for the share you are purchasing, the amount of money required for a deposit is usually lower when compared to the amount that would be required when purchasing outright. You have the option to increase your share during your time in the property via a process known as ‘staircasing’, and in most cases can staircase all the way to 100%. In this instance, the you will no longer pay rent, just the mortgage along with any relevant service charges and ground rent.
The ground floor comprises an entrance hallway and downstairs WC. The living room is a good size at 19ft in length and the stairs lead from here to the first floor. The kitchen/dining room is to the rearm overlooking the garden and with a door to the outside. Within the kitchen there is a mix of wall and base units with worktops over, space for white goods and a free-standing electric oven.
Upstairs are two double bedrooms and the family bathroom. The larger of the two bedrooms is to the front and features a built-in wardrobe. The family bathroom comprises a three-piece suite with a bath/shower, wc and wash basin.
To the rear, the garden enjoys sun throughout the day and is mostly laid to lawn. There is a patio area adjacent to the rear of the house, and another seating area to the bottom of the garden, perfectly positioned to enjoy the sun. The boundaries to the garden are close-panel fencing.
There is parking for two cars, one is to the front of the house on the driveway, whilst the second is directly opposite.
Mains electricity, gas, water & drainage. EPC rating: C (79). Local Authority: Ashford Borough Council. Council Tax Band: C