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Overview Key information

South Shore

2 bedroom apartment
South Shore
Shared Ownership (resales)
£60,000
25%
share
Full market value:
£240,000
Minimum deposit:
£6,000
2 bed 1 bath 707 sq. ft.
Enquire now
Enquire now
For | South Shore

Available for resale, a fifth floor, two-bedroom apartment in Gillingham.

Property Features:

  • Communal entrance with entry system
  • Lift access
  • Top floor with air conditioning fitted
  • Open plan kitchen and reception
  • Kitchen with integrated appliances
  • Family bathroom with shower over bath
  • Private balcony with view of the river
  • Hallway storage
  • Communal courtyard
  • Allocated parking
  • Secure communal bicycle storage

Lease: Commenced 2012 with 125-year term

Council Tax Band: Medway Council – D

Prior to viewing: All applicants must be registered and approved by Hyde New Homes and may be required to carry out a shared ownership affordability assessment.

Local Area:

  • The area is perfect for those who enjoy the outdoors, with scenic river walks around St Mary’s Island or towards the Riverside Country Park, ideal for walking, cycling, and family outings.
  • For everyday essentials, residents are just a 2-minute walk from a local shop, Tesco Express, Domino’s, and Subway, while a large ASDA supermarket is only 5 minutes away. Dockside Outlet Shopping Centre and the popular Ship & Trades pub on the harbour are within a 15-minute walk, offering a range of retail and dining options.
  • Gillingham train station is a 15-minute walk, providing regular services to London and the surrounding towns, and local bus services stop just outside the nearby shops, making commuting and travel easy.
  • Families are well-served, with a number of primary and secondary schools in the local area.

Financial Information:

Property Value = £240,000

Percentage Share = 25%

Share Price = £60,000

Monthly Rent = £424.02

*Monthly Service Charge = £198.63

*£73.01 paid to Hyde, £125.62 paid to Jennings and Barret

Please note the rent and service charge is reviewed annually 01 April. Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen. Please note that the Resales Team have not visited this property.

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