A collection of 4 three-bedroom houses, for sale under the shared-ownership scheme at Hopes Meadow, High Halden, built by local developer Muston Homes. Each property is available to buy with minimum shares from 25% (maximum share available 75%), with a rental payment due on the unowned share. The advertised price of £102,500 is 25% of the full market value at £410,000. Each of the properties available to buy vary slightly from each other, with two similar designs mirroring each other. Internally, the finish remains the same across all plots, with each home benefitting from a spacious hallway, downstairs WC, spacious living room, a bay-fronted kitchen/dining, three generously sized bedrooms and a family bathroom, comprising a three-piece suite. Each home features vinyl flooring to the kitchen and bathroom/WC and two allocated parking spaces to the front, with each property having provision for electric vehicle charging also. Due to these properties being available only under the shared ownership scheme, any prospective purchaser must demonstrate their eligibility to buy by registering first for the scheme (please contact us for details on how to do this). Shared Ownership Details: Rent payable on unowned share: £704.69 per month (based on a 25% owned share) Rent Charge Information Rentcharge: £TBC
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, 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 with under stairs cupboard and downstairs WC, a bay-fronted kitchen/dining room to the front with modern fitted kitchen (including built-in electric oven, gas hob and extractor hood) and a spacious living room to the rear opening to the garden.
Upstairs are three generously proportioned bedrooms and the family bathroom. The largest of the bedrooms faces the front and spans the width of the house. All three of the bedrooms are good sizes and would generously accommodate a double bed. The family bathroom sits centrally and features a three-piece suite with a shower over the bath.
Each of the houses enjoys an enclosed garden to the rear, which will have an area of paving to the rear of the house with the remaining garden having dressed topsoil ready for turf to be laid (turf will not be included). There will also be garden sheds installed.
Each house will benefit from two allocated parking spaces, located to the front of the houses. There is also provision for electric vehicle charging.
Mains electricity, gas, water & drainage. EPC rating: TBC. Local Authority: Ashford Borough Council. Council Tax Band: TBC.