Available for resale shared ownership, a bright and spacious, third floor, one-bedroom apartment situated in a popular residential area of Gillingham, Kent.

  

Property description:

The property comprises a bright secure communal entrance with phone entry system, lift access, open plan kitchen and living room with Juliette balcony, modern kitchen with integrated appliances, large double bedroom and family bathroom with shower over bath and generous storage cupboard in hallway.

The property also benefits from access to well-maintained communal gardens, a secure bicycle storage area and allocated off-street parking.

 

Length of Lease: Approx. 116 Years

Council Tax Band: Medway Council – A

Gross Internal Area: 47m2

 

LOCAL AREA INFORMATION

• Situated in Gillingham next to the River Medway close to local shops & amenities, Gillingham train station is less than a mile away which is walkable.

• Gillingham Town Centre is located 1.0 miles from the apartment and offers a wide variety of shops, restaurants, entertainment and other amenities.

• Gillingham Train Station is situated 1.0 miles from the property and offers direct services to; London Victoria, Ramsgate and high-speed rail services to London St Pancras.

• Within close proximity of local primary and secondary schools.

• The M2 is easily accessible which provides a direct route to London.

 

FINANCIAL INFORMATION

Property Value = £160,000

Percentage Share = 25%

Share Price = £40,000

*Monthly Rent = £229.92

*Monthly Service Charge = £119.05

**Monthly Mortgage Payment = £159

***Annual Household Income = £16,000

 

*£35.35 paid to Hyde Housing and £83.70 paid to Jennings and Barrett. Please note the rent and service charge is reviewed annually 01 April

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%.

***Is based on a 10% mortgage deposit.  If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

 

Your home may be at risk if you do not keep up your mortgage and rent repayments.  Particulars give a fair 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, photographs and details (excluding financial information) are provided by the leaseholder.  Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing:

Please call the Sales Team on 0345 606 1221 and provide the following information:

Your Contact Number/Email

Your Hyde New Homes or Help to Buy reference number**

Your Deposit for the mortgage

If it is a Single/Joint application (if married it must be joint)

Your Current salary (single/Joint where applicable)

Do you have any children? If so, how many?

Do you own any pets? If so, what?

Are you a current homeowner?

**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application.  A reference number will be emailed to you once the application is completed. 

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