8, Ruth House, Buckland Hill, Maidstone, Kent, ME16 0UBGuide Price £70,000 plusFor Sale under auction terms and conditions DescriptionThe property comprises a second-floor studio room situated within a purpose-built building arranged over lower ground, raised ground, and three upper floors. TenureLeasehold. The property is held on a 99 year lease from 25th March 1985 (thus approximately 59 years unexpired). LocationThe property is situated on a cul-de-sac close to local shops and amenities. The open spaces of Whatman Park are within easy reach. Transport links are provided by Maidstone Barracks rail station which is just a short walk away. AccommodationSecond FloorStudio RoomKitchenBathroom with WC & wash basin G.I.A: 301 sq ft (28 sq m) ExteriorThe property benefits from communal gardens. TenancyLet on a statutory periodic tenancy from 12/6/2025 at a rent of £716 per calendar month. Current Rent ReservedCurrent Rent Reserved £8,592 per annum NoteWe have been advised by the vendor that there are no rent or service charge arrears, Prospective purchasers must rely on their own enquiries in this regard.
BUYER’S PREMIUMApplies under the fall of the hammer. The purchaser shall pay 10% deposit. Plus, in addition, a buyer’s premium of 2% of the sale price, a minimum of £5,000 + VAT upon exchange of the contract.When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti-Money Laundering Act.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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