Stoneland Close, Cranbrook

This semi detached 2 bedroom property is perfect for a first step on the property ladder or for those looking to downsize.

As you enter the property you will find the entrance hall, with stairs to your right, the kitchen to your left and the living room straight ahead. In the kitchen there is an abundance of cupboards, space for a fridge freezer and washing machine and can comfortably fit a dining room table.

Through the hallway to the back of the property, the living room contains a large window allowing plenty of light to fill the space and is carpeted throughout with a rear garden door. The ground floor also contains a downstairs WC with sink and toilet.

On the first floor you will find two sizeable double bedrooms, one with a built in storage cupboard. These rooms benefit from being fully carpeted and large windows again allow a lot of light which makes all the difference in the property!

On this floor there is also the family bathroom containing a tiled bath and shower, toilet and a sink.

Outside the property, there is a large garden containing an area of patio and mostly green space with a pathway to the side of the property which leads through to the front garden and single parking space.

THIS PROPERTY IS BEING MARKETED AS A SHARED OWNERSHIP HOME FOR A 40% SHARE.

The share purchase price is calculated using the full market value and the percentage share purchased.
If you buy a 40% share, the share purchase price will be £96,000 and the rent will be £351.07 a month.
If you buy a larger share, you'll pay less rent. The table below shows further examples.
Share
Share Purchase Price
Monthly rent
40% - £96,000 - £351.07
50% - £120,000 - £292.56
60% - £144,000 - £234.05
70% - £168,000 - £175.54
75% - £180,000 - £146.28
Every month (in addition to your rent) you will pay:
Estate charge £0.00
Buildings insurance £14.97
Management fee £0.00
Reserve/sinking fund payment £0.00
Other service charges £0.00
You'll need to pay a reservation fee (advanced rent payment) to secure your home. When you pay the fee, no one else will be able to reserve the home.
If you complete on the purchase of your home, the reservation fee will be added to your rent account. If you or the seller withdraw from the sale the £500 will be refunded.

You can apply to buy the home if both of the following apply:
- Your household income is £80,000 or less
- You cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:
- You're a first-time buyer
- You used to own a home but cannot afford to buy one now
- You're forming a new household - for example, after a relationship breakdown
- You're an existing shared owner, and you want to move
- You own a home and want to move but cannot afford to buy a new home for your needs 

In accordance with our legal and regulatory obligations, all vendors and purchasers are required to complete appropriate Anti-Money Laundering (AML) and identity verification checks before proceeding with a property transaction.

A fee is payable for the completion of these checks:
- Vendors: £25 + VAT per person
- Purchasers: £37.50 + VAT per person

The applicable fee is payable when the AML verification process is requested and covers the cost of carrying out the required identity and AML checks. Additional checks may be required where necessary to satisfy our legal and regulatory obligations.

Please note that payment of the AML verification fee does not guarantee that a transaction will proceed and does not form part of our estate agency commission.