3 bed semi-detached house for sale

Upper Mill, East Malling ME19

Shared ownership (Advertised price represents 25% share. Full market value £475,000). This attractively-presented, semi-detached property has a cloakroom/WC just off the entrance hall, some useful under-stairs storage and a smart, spacious kitchen with integrated appliances. There is a good-sized reception room plus a conservatory and a separate dining room. On the first floor are two large bedrooms plus a smaller third double bedroom and a naturally-lit bathroom. Well insulated walls and roof, modern double glazing and gas central heating make for a good energy-efficiency rating. The house comes with a rear garden featuring decked seating areas plus a front lawn and a two-car driveway. The local roads provide easy access to the M20 and many of the regions other major routes. Alternatively, East Malling Station is just a short walk away for services between Ashford and London Victoria.

Interested parties are required to complete the shared ownership common application form [ ]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (125 years from 30/01/2006). Freehold transferred on 100% ownership.
Minimum Share: 25% (£118,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £433.75 per month (subject to annual review).
Service Charge: £18.93 per month (subject to annual review).
Guideline Minimum Income: Dual - £33,000 | Single - £39,300 (based on minimum share and 10% deposit).
Council Tax: Band D, Tonbridge & Malling Borough Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.

What is shared ownership ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.

Is shared ownership for you ?

The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

Living Room

15' 7" x 12' 7" (4.75m x 3.84m)

Conservatory

11' 4" x 9' 0" (3.45m x 2.74m)

Kitchen

9' 5" x 9' 4" (2.86m x 2.85m)

Dining Room

9' 10" x 9' 5" (3.00m x 2.87m)

Bedroom 1

12' 10" x 12' 7" max. (3.92m x 3.83m)

Bedroom 2

12' 7" max. X 12' 3" (3.84m x 3.74m)

Bedroom 3

9' 5" x 8' 1" (2.86m x 2.46m)

Bathroom

6' 11" x 5' 7" (2.11m x 1.70m)