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Floorplan
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Area statsShared ownership
£60,0001 bedroom apartment for sale
Exchange Mews, Culverden Park Road, Tunbridge Wells
Chain-free
Apartment
1 bed
1 bath
Key information
Tenure: Leasehold | unconfirmed share | 104 yrs left
Service charge: £2,031.60 per annum
Council tax: Ask agent
Mobile signal:
EEO2ThreeVodafone
Features and description
- Modern Shared Ownership home
- Secure allocated underground parking
- No onward chain
- Second floor
- Open plan lounge/kitchen/diner
- Close to local amenities
Shared Ownership
This superb modern home is available to buy from as little as £60,000 with a 30% share!
Offered to the market with no onward chain, this second floor apartment is located within the sought after Marconi Place development in Tunbridge Wells and benefits from allocated parking within a secure underground car park.
The accommodation comprises a welcoming entrance hall with useful storage cupboards, a generous open plan kitchen/living room, a double bedroom, and a modern bathroom suite.
Marconi Place is conveniently positioned on the edge of Tunbridge Wells town centre, offering easy access to a wide range of local amenities including shops, cafés, restaurants and supermarkets. The nearby Royal Victoria Place shopping centre provides an excellent selection of high street brands, while the area is also well known for its attractive parks and green spaces including Calverley Grounds and Dunorlan Park. Tunbridge Wells itself is a vibrant and popular town with a blend of historic charm and modern conveniences.
The property is well placed for commuters, with Tunbridge Wells mainline station providing regular services to London Bridge, Charing Cross and Cannon Street. There are also excellent road connections via the A21, offering direct access to the M25 and wider motorway network, making travel to London and the south coast straightforward.
PRICING & AFFORDABILITY
Full Market Value: £200,000
30% Share Price: £60,000 (rent £510.25pcm)
Minimum 5% Mortgage Deposit (30% share): £3,000
Approximate Service Charges: £169.30 pcm*
Lease: 104 years remaining
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
* This home can also be purchased outright (100% of the value) which is £200,000 and a purchaser would not need to meet the eligibility criteria listed above.
This superb modern home is available to buy from as little as £60,000 with a 30% share!
Offered to the market with no onward chain, this second floor apartment is located within the sought after Marconi Place development in Tunbridge Wells and benefits from allocated parking within a secure underground car park.
The accommodation comprises a welcoming entrance hall with useful storage cupboards, a generous open plan kitchen/living room, a double bedroom, and a modern bathroom suite.
Marconi Place is conveniently positioned on the edge of Tunbridge Wells town centre, offering easy access to a wide range of local amenities including shops, cafés, restaurants and supermarkets. The nearby Royal Victoria Place shopping centre provides an excellent selection of high street brands, while the area is also well known for its attractive parks and green spaces including Calverley Grounds and Dunorlan Park. Tunbridge Wells itself is a vibrant and popular town with a blend of historic charm and modern conveniences.
The property is well placed for commuters, with Tunbridge Wells mainline station providing regular services to London Bridge, Charing Cross and Cannon Street. There are also excellent road connections via the A21, offering direct access to the M25 and wider motorway network, making travel to London and the south coast straightforward.
PRICING & AFFORDABILITY
Full Market Value: £200,000
30% Share Price: £60,000 (rent £510.25pcm)
Minimum 5% Mortgage Deposit (30% share): £3,000
Approximate Service Charges: £169.30 pcm*
Lease: 104 years remaining
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
* This home can also be purchased outright (100% of the value) which is £200,000 and a purchaser would not need to meet the eligibility criteria listed above.
Property information from this agent
Area statistics
Crime score
High crime
7/10
Home prices (average)
1 bedroom apartments
£196,791
£196,791
About this agent
Evolved from Leaders Romans Group in 2018, SOWN is a dedicated shared ownership brand. We provide a full sales and marketing service on behalf of Housing Associations across the UK, for both new-build and re-sale shared ownership homes. Our specialist team focuses exclusively on shared ownership, which allows us to give the shared ownership market the attention it deserves. We're currently operating out of hubs in Wokingham, London and Nottingham. At SOWN, we take care of everything. As part of the 40-year-strong Leaders Romans Group, we offer a comprehensive range of property services for landlords, buyers, sellers, property developers and Housing Associations. Whether it's residential sales and auctions, mortgages and financial advice, build to rent, new homes, surveys, lettings, or planning and architecture; our experts will guide you every step of the way. Our formula for getting shared ownership right is setting up dedicated and highly experienced teams for every stage of the process. Our Pre-sales team handles all enquiries, which are then passed onto the Move Managers (sales progressors). We can also provide buyers with access to surveyors, legal services and our specialist mortgage advisor, Mortgage Scout, for support and up-to-the-minute advice. Ready to start your shared ownership journey? To find out how SOWN can help you find your dream home, contact us today.