2-bedroom flat · ME17 2LR
For saleListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
First Homes is a new scheme designed to help local first time buyers and key workers onto the property ladder, by offering homes at a discount of 30% compared to the market price.
The discounts will apply to the homes forever, meaning that generations of new buyers and the local community will continue to benefit every time the property is sold.
Eligibility criteria applies - please speak to a sales consultant for further information.
Home 55 is a 2 bedroom apartment featuring open plan kitchen, dining living room and a family sized bathroom serving both bedrooms.
First Homes is available on our selected new build homes only, subject to contract and eligibility criteria.
If you are purchasing through the First Homes scheme please note that you are required to meet the eligibility criteria under the scheme and to be issued with Authority to Proceed by the local authority.
Please note that the Authority to Proceed is valid for three months from issue within which period exchange of contracts must have taken place.
If Authority to Proceed has not been issued before reservation, then this reservation is subject to you meeting the eligibility criteria, a First Homes Application Form being submitted promptly to the local authority and an Authority to Proceed being provided.
In the event that either (i) you do not provide the information required to submit the First Homes Application Form within twenty (20) Business Days of the reservation date specified in your reservation agreement, or (ii) the Authority to Proceed is not issued by the local authority within twenty (20) Business Days of receipt of the fully completed First Homes Application Form or (iii) the local authority confirms that an Authority to Proceed will not be issued or shall be withdrawn prior to exchange of contracts, then the reservation agreement (and the reservation itself) will be expire on the date specified in the reservation agreement and the reservation fee shall be returned in full.
To be eligible for First Homes you must meet the following criteria: 1: All purchasers must be a first-time buyer, even if more than one person is buying the new home from us.
2: You will need to meet any local connection criteria, or key worker restrictions set by the local authority.
3: Your household income must be no more than £80,000 in England, with the exception of London which is £90,000. 4: You will need at least a 5% deposit.
5: You will need to be able to obtain a mortgage for at least 50% of the new home to be purchased from us.
We may also require evidence of your financial ability to proceed with the purchase of a new home from us.
The maximum price of a new home covered by First Homes, after the discount has been applied, will be £250,000 (£420,000 in London). Local authorities can set lower price caps.
The new home is sold at a discount of at least 30%.
The discounts will apply to the new home forever, meaning that generations of new buyers and the local community will continue to benefit every time the property is subsequently sold.
First Homes is only available on selected developments and selected plots. Please contact the sales consultants for further information regarding First Homes and the application process.
First Homes is a government scheme and is subject to the government's terms for the scheme. This offer is not to be used in conjunction with any other offer, discount, promotion or scheme.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Subject to individual lender terms and conditions.
Our usual reservation and sales terms and conditions also apply. Please speak to one of our sales consultants for more details.
Total internal floor area: 754 sq ft Rooms Ground floor Kitchen / Sitting / Dining Area (7.00 x 5.04 22' 11 x 16' 6") Bedroom 1 (3.72 x 3.23 12' 3" x 10' 7") Bedroom 2 (3.72 x 3.16 12' 3" x 10' 4") About Morella Woods Discover the perfect balance of village life and modern living at Morella Woods.
Our stunning collection of 1,2,3,4 and 5 bedroom new homes for sale offer something for everyone.
Whether you're a first time buyer, growing family or looking downsize, you'll find a home to perfectly fit your lifestyle at Morella Woods.
The new housing development boasts thoughtfully designed homes with modern features and layouts.
All the new build homes here come with EV charging points and solar panels as standard, many feature garages or double parking spaces.
Set in Lenham, a quintessential English village, this development combines countryside charm with modern convenience. Only 9 miles from Maidstone and 4 miles from the historic Leeds castle.
Lenham boasts a picturesque square with traditional pubs, inviting restaurants, and a cosy tea-room.
Excellent schools, local sports clubs, and community events make Lenham a truly welcoming place to call home.
Our stunning new homes include popular features such as open-plan living areas, stylish fitted kitchens and spacious main bedroom, making them your perfect future home.
So if you're looking for a new home near Lenham, Maidstone, Charing or Ashford then your search ends here! What's my budget? Check your affordability Click here Home to sell?
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Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About 55, Old Ham Lane, Maidstone
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