2-bedroom flat · ME19 4UD
Sold STCListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Shared ownership (Advertised price represents 40% share. Full market value £260,000).
This immaculately-presented, top-floor flat has a twenty-four-foot, dual-aspect reception room with attractive flooring, open-plan kitchen area and Juliette balcony.
There is a main bedroom with fitted, mirror-fronted wardrobe plus a spacious second double bedroom and a stylish bathroom.
The energy-efficiency rating is very good, thanks to well insulated walls and roof, high performance glazing and gas central heating.
Kings Hill is a relatively new village, built on a former RAF airfield in semi-rural Kent.
Amenities include three primary schools (all of which are Ofsted-rated 'Outstanding'!), a nursery, doctors surgery, supermarkets, a Little Waitrose and a variety of places to eat and drink all within walking distance.
The flat comes with use of an allocated parking space or, alternatively, West Malling Railway Station can be reached by bike or via local bus.
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 (999 years from 01/09/2020).
Minimum Share: 40% (£104,000). The housing association will expect that you will purchase the largest share affordable. Shared Ownership Rent: £475.28 per month (subject to annual review).
Service Charge: £84.39 per month (subject to annual review). Guideline Minimum Income: Dual - £32,700 | Single - £39,000 (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. Pets not permitted (except assistance animals). 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.
Entrance Hall 15' 3" x 4' 4" (4.65m x 1.32m) Reception 24' 0" max. X 15' 4" max.
(7.32m x 4.67m) Kitchen Included in reception measurement Bedroom 1 13' 4" x 10' 6" (4.06m x 3.20m) Bedroom 2 13' 4" max. X 11' 4" max. (4.06m x 3.45m) Bathroom 7' 0" max. X 6' 6" max. (2.13m x 1.98m)
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 12, 1, Nottingham Drive, West Malling
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