2-bedroom flat · TN23 5TG
Sold STCReduced £2.5k (−3.3%) on 1 AugListed 125 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to acquire this spacious two-bedroom, second-floor apartment, offered on a 45% shared ownership basis through Moat Homes Limited.
The 45% share is available for £76,500, based on a full market value of £170,000, with the opportunity to staircase to 100% ownership.
Perfectly suited to first-time buyers looking for an affordable route onto the property ladder, this bright and modern apartment offers well-balanced accommodation throughout, allocated parking and attractive views over neighbouring green spaces, all within a popular and well-connected Ashford location.
The accommodation briefly comprises a welcoming entrance hall leading through to a superb open-plan kitchen, dining and living area.
Designed with modern lifestyles in mind, this sociable space provides plenty of room for both everyday living, while the balcony allows natural light to flood the room and enjoys pleasant open views across surrounding greenery.
The kitchen is well positioned within the living space, creating a practical environment. There are two well-proportioned bedrooms, both offering excellent flexibility for a range of buyers.
A modern family bathroom completes the internal accommodation.
Externally, the property benefits from an allocated parking space and enjoys a pleasant position within this established residential development.
Otterden Close is conveniently located for a wide range of local amenities including shops, supermarkets, schools and leisure facilities.
Excellent road connections provide easy access to Ashford town centre and the wider motorway network, while Ashford International Station offers high-speed rail services to London, making the property particularly appealing to commuters.
Combining affordability, modern living and future flexibility through the ability to increase ownership over time. Early viewing is highly recommended.
Service charge at £100.23 pcm (£1,202.76 pa), based on 100% ownership and reviewed annually in April.
Property Ownership Information Tenure Shared ownership Council Tax Band A Percentage Share Owned 45% Additional Monthly Rent No additional monthly rent Annual Ground Rent No ground rent Ground Rent Review Period No review period Annual Service Charge £1,202.76 Service Charge Review Period Every 1 year Lease End Date 28/06/2134 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
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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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 advisors before making any investment decisions.
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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.
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FAQ
About 13, Otterden Close, Ashford
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