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Tonbridge Road, Maidstone, ME16 8TA

Auction Guide Price £135,000Leasehold

211

Key Information

Tenure:Leasehold
Service charge:£1,400 per year
Ground rent:£75 per year
Time remaining on lease:101 years
Council tax band:B
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

For Sale By Modern Method Of Auction
Starting Bid £135,000
Chain Free
Second Floor Purpose Built Apartment
In Need Of Some Cosmetic Improvement
Communal Gardens
Popular & Sought After Barming Location
Walking Distance From Maidstone West Train Station

Description

Being offered for sale by modern method of auction, situated on the desirable Tonbridge Road in Maidstone, this charming second-floor apartment offers a wonderful opportunity for both first-time buyers and investors alike. Spanning an impressive 728 square feet, the property features two well-proportioned bedrooms, a comfortable reception room, and a bathroom, providing ample space for modern living.

Constructed in 1965, this purpose-built apartment retains a classic appeal while presenting a canvas for personalisation. Although it requires some cosmetic improvements, this allows you to tailor the space to your own taste and style. The communal gardens offer a delightful outdoor area, perfect for relaxation or socialising with neighbours.

One of the standout features of this property is its convenient location. Situated within walking distance of Maidstone West Train Station, commuting to London or exploring the surrounding areas is both easy and efficient. Additionally, the apartment benefits from parking for one vehicle, a valuable asset in this bustling area.

Being chain-free, this property is ready for a swift transaction, making it an ideal choice for those looking to move quickly. With its blend of potential and practicality, this apartment on Tonbridge Road is a fantastic opportunity not to be missed. Whether you are seeking a new home or a sound investment, this property is sure to impress.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

MATERIAL INFORMATION

Leasehold
Lease Length Remaining: 101 Years
Ground Rent: £75.00p/a
Service Charge: £1,400.00p/a approximately
Council Tax Band: B
EPC Report: C
Broadband: Copper & Fibre

Maidstone and The Weald Branch

Oakwood Park Grammar School
(0.11 miles)
Good
Number of pupils: 1100
Age Range: 11 - 18
St Augustine Academy
(0.21 miles)
Requires improvement
Number of pupils: 741
Age Range: 11 - 16
West Borough Primary School
(0.26 miles)
Good
Number of pupils: 499
Age Range: 3 - 11
St Simon Stock Catholic School
(0.33 miles)
Good
Number of pupils: 1139
Age Range: 11 - 18
Bower Grove School
(0.34 miles)
Outstanding
Number of pupils: 231
Age Range: 5 - 16
Jubilee Primary School
(0.37 miles)
Outstanding
Number of pupils: 268
Age Range: 4 - 11
St Francis' Catholic Primary School, Maidstone
(0.43 miles)
Good
Number of pupils: 412
Age Range: 5 - 11
Maidstone, St Michael's Church of England Junior School
(0.64 miles)
Good
Number of pupils: 167
Age Range: 7 - 11
St Michael's Church of England Infant School Maidstone
(0.64 miles)
Outstanding
Number of pupils: 119
Age Range: 5 - 7
Shernold School
(0.77 miles)
Good
Number of pupils: 92
Age Range: 3 - 11

Payment Calculator

Mortgage

Estimated Monthly Mortgage Payment:
£675 /mo.25 Years, 4.5% Interest
Loan
£121,500
Total Repay
£202,601

Stamp Duty

You’ll have to pay the stamp duty of:
£200
0% up to £125,000
2% from £125,000 to £135,000
Your effective stamp duty rate is 0.15%

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