2 bed flat for sale

Plot 232 - 2 Bed Apartment, Millwright Place, Tovil ME15

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this brand new two bedroom Shared Ownership apartment at Millwright Place, Maidstone. The price shown represents purchasing a 50% share of the property.

Property Overview

Located on the second floor of Block C at Millwright Place, this new two bedroom apartment offers an excellent opportunity to get onto the property ladder in Maidstone through Shared Ownership.

This energy efficient home features a bright open-plan kitchen, dining and living area leading directly onto a private balcony, providing valuable outdoor space for relaxing and entertaining. The modern kitchen comes equipped with a range of integrated appliances.

There are two well-proportioned double bedrooms, including a principal bedroom with fitted wardrobes and a private en suite. The apartment also benefits from an allocated parking space.

With a modern specification, private balcony, energy efficient design and excellent connections to Maidstone town centre, this home is well suited to first-time buyers, couples and professionals.

Contact us today to register your interest.

Financial Breakdown

• Full Market Value: £275,000
• 50% Share Value: £137,500
• 5% Deposit of Share Value: £6,875
• Rent on Unowned Share: £316 per month
• Service Charge: £211.76 per month
• Estimated Monthly Cost: £1,316

These figures are a guideline and may vary according to individual incomes and circumstances. Please speak to one of our sales consultants for a detailed breakdown.

Local Area

Millwright Place enjoys a convenient location close to Maidstone town centre, offering an excellent range of shops, supermarkets, cafés, restaurants, leisure facilities and highly regarded schools. Residents also benefit from nearby parks and green open spaces, providing plenty of opportunities for outdoor recreation.

Excellent transport links make commuting straightforward. Maidstone East and Maidstone West railway stations are both less than a 10-minute drive away, offering regular services to London and destinations across Kent. By road, the M20 is less than 10 minutes away, providing convenient access to London, Ashford and the wider South East.

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property's value, while paying a subsidised rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%. Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately.

Legal & General Affordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.

Eligibility Criteria

To be eligible for Shared Ownership, you will need to:

Have a combined household income under £80,000 per annum.

Not already own a property, or part of a property, at the time of completing your purchase.

Be unable to purchase a suitable home to meet your housing needs on the open market.

This Shared Ownership opportunity offers a more affordable and flexible route to owning a brand new home in a well-connected location close to Maidstone town centre.

About Highlight Housing

We are The Affordable Homes Agency.

Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.

With over 15 years' experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.

Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.

Images are indicative only. Council tax bands are often not released until the property is complete.

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