Available through a shared ownership resale scheme, a well-presented two-bedroom mid-terrace house situated in Iwade, Sittingbourne

  

Property description:

The property comprises of a private street entrance, open plan living/dining room area, a modern fitted kitchen with stand-alone appliances, downstairs W/C, two spacious double bedroom with built in wardrobes, family bathroom with shower over bath, double glazing throughout and generous storage space including loft space.

The property also benefits from access to a well-maintained front and rear gardens, garden shed and an allocated off-street parking space.

 

Length of Lease: Approx. 109 Years

Council Tax Band: Swale Council – C

Gross Internal Area: 56m2

 

LOCAL AREA INFORMATION

  • Close to local facilities such as Iwade Primary School and Happy Days Nursery, The Woolpack which is a local family run pub, new medical centre and other local amenities.
  • Sittingbourne town centre is also about 3 miles away with a main line train station, and the A249 is only a short drive away with the local coach drop offs also available for all London journeys.

 

FINANCIAL INFORMATION

Property Value = £240,000

Percentage Share = 35%

Share Price = £84,000

*Monthly Rent = £270.88

*Monthly Service Charge = £19.17

**Monthly Mortgage Payment = £420

***Annual Household Income = £24,000

 

*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 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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