Applicants must have a live and/or work connection to the Borough of Tonbridge and Malling to be eligible.
Full market value: £215,000
Shares available from: 35%
Share value: £75,250
Rent pcm: £320.26
Estimated service charge pcm: £100
Annual ground rent: £150
A collection of one bedroom apartments in Tonbridge - available to move into in Spring 2018.
Enterprise House is an attractive new range of homes available for Shared Ownership, presenting you the ideal opportunity to acquire an elegant home in this beautiful part of Kent.
Enterprise House homes are designed for modern life, combining bright contemporary interiors with flexible open-plan layouts. Each apartment also has its own outdoor space to increase your enjoyment of the area and improve your quality of living. Perfect for singles, couples or young families, Enterprise House is the ideal place to make a home.
Today, Tonbridge is home to a variety of modern industries, including engineering firms, publishers, and financial services. In the heart of the South East, its picturesque scenery, rivers and country parks let you remain close to London, yet near to the beauty of the Kent countryside.
Enterprise House’s convenient central location in Tonbridge – and proximity to the High Street – means that you can find a vast range of shopping opportunities and cafes nearby. Local supermarkets include Sainsbury’s and Waitrose, and there is a farmer’s market on the second Sunday of every month. For education, the area supports a number of excellent primary schools, such as Sussex Road Community Primary School (rated "Good") and Slade Primary School (rated "Outstanding"), as well as several grammar schools including The Judd School ("Outstanding"), Weald of Kent Grammar School ("Outstanding"), and Tonbridge Grammar School for Girls.
If you like to relax, there’s always plenty to do in this part of Kent. There are a range of quality restaurants and pubs to choose from; those with a passion for fitness can work up a sweat at a range of gyms, classes and sports centres, or cool off at the indoor/outdoor Swimming Pool. For picturesque peace and quiet, the River Medway and Tonbridge Park are both nearby, and the historic Tonbridge Castle is just five minutes’ walk away. No matter how you like to unwind, Tonbridge has a huge range of possibilities.
There’s always plenty to do in Tonbridge: Choose from a variety of restaurants, pubs, sports and attractions – or take a relaxing walk through the town’s range of beautiful parks.
Road links are particularly good: Nearby major roads include the A21 for Sevenoaks and the M25/London, and the A26 for Royal Tunbridge Wells, Maidstone, Rochester and Brighton.
Regular trains run from Tonbridge Station, one of Kent’s busiest train stations. Destinations include London Bridge and London Charing Cross, with a train to one of these termini every 5-10 minutes at peak times, and around every 10 minutes off-peak (journeys take around 45-50 minutes). There are trains every 30 minutes to Victoria, taking around 1 hour 15 minutes, and every 25 minutes at peak times to Cannon Street (taking around 45 minutes). Other destinations at peak times include Sevenoaks (every 5 minutes); Lewisham (every 15 minutes); Tunbridge Wells (every 20 minutes); and Ashford International (every 30 minutes, with a journey time of 40 minutes).
Local bus services are excellent: A range of buses stop on the High Street (5 minutes’ walk away) that take you to all parts of Tonbridge. The 222 travels out to Springwood Park and Borough Green, the 208 to Higham Wood, and the 210 to Hilden Park and Hildenborough; the 7 goes to Maidstone. The 211 bus also stops near Enterprise House and travels to Tonbridge’s Cottage Hospital around once an hour.
What is Shared Ownership?
Shared Ownership is an excellent way for people who are unable to buy on the open market to take their first step onto the property ladder. Under the scheme, you buy a share of the property’s value and pay a subsidised rent on the remaining share. A key advantage is that, as part-owner, you have a stability of tenure that renting cannot offer. Over time, you can usually buy more of the property until you own 100%.
You will need a small deposit at the outset – a minimum of 5% of your share, subject to conditions – and you will need to raise a mortgage on the rest of the sum required.
Am I eligible?
There are certain conditions to be eligible for a Shared Ownership property:
• Local connection eligibility criteria is applicable
• Your annual household income must be no more than £80,000.
• You must be unable to purchase a home suitable for your needs without assistance.
• You must not have any outstanding credit issues (i.E. Unsatisfied defaults or county court judgments).
• You must be a first-time buyer. If you already own a home and need to move but cannot afford to, or you have equity from a recent sale, please contact us, as there are some circumstances under which you may still be eligible.
If we think you may be eligible, you will be asked to have a free financial assessment with a Shared Ownership mortgage specialist to find out what share you can afford to buy. You will also be asked to complete an application form with the local Help to Buy agent. Sometimes you may also need to be registered with your Local Authority. Specific criteria will be detailed on the information for each property.
Sold prices provided by Land Registry
2nd Jul 2018