Available through our resale shared ownership scheme, a ground floor, two-bedroom apartment situated in a popular residential area of Rochester.

  

Property description:

The property is newly refurbished and comprises a communal entrance with phone entry system, open plan kitchen and reception, fitted kitchen with integrated appliances, two bedrooms, master bedroom with ensuite, family bathroom and two storage cupboards in hallway.

 

The property also benefits from access to outside shed storage and allocated parking.

 

Length of Lease: Approx. 111 Years

Council Tax Band: Medway Council – B

Gross Internal Area: 72m2

 

LOCAL AREA INFORMATION

  • Situated in the semi-rural, quiet residential area of Chattenden in Kent.  Chattenden is close to the town of Rochester which offers a variety of shops, restaurants, entertainment and other amenities
  • Strood Train Station is a 10min drive from the property and offers services to London St Pancras, Charing Cross via Lewisham and Maidstone.
  • The A2/M2 is easily accessible providing a direct route into London, Bluewater Shopping Centre, Dover and the motorway network
  • A good choice of schools in the local area

 

FINANCIAL INFORMATION

Property Value = £205,000

Percentage Share = 60%

Share Price = £123,000

*Monthly Rent = £167.07

*Monthly Service Charge = £156.29

**Monthly Mortgage Payment = £615

***Annual Household Income = £32,000

 

*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 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, 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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