Available through our resale shared ownership scheme, a ground floor, two-bedroom apartment in Herne Bay, Kent. 

The property comprises a private and wheelchair accessible entrance, open plan kitchen and reception, kitchen with integrated and standalone appliances, two bedrooms, two storage spaces, family bathroom with shower over bath. 

The property also benefits from access to a communal garden and allocated parking.

Lease: Commenced 2019 with 999-year term

Council Tax Band: Canterbury Council – C

Gross Internal Area: 710sq.ft.

LOCAL AREA INFORMATION

• Located a stone’s throw next to the seafront, this property is perfectly placed for beachside walks and relaxing by the ocean. 

• Herne Bay Town Centre is just a ten-minute walk away and has a variety of restaurants and cafés on offer. With two large supermarkets, grocery shopping is no problem. 

• Nearby, Heron’s Bay Leisure centre is great for a swim or a workout. Other handy amenities include: a dentist, doctors’ surgery, post box, pharmacy, and various specialty shops.

• Herne Bay Memorial Park is excellent for strolls, dog walking, play and picnics.

• Herne Bay train station is under ten minutes away on foot and has regular trains to London and Ramsgate. Bus stops can be found just outside the property.

FINANCIAL INFORMATION

Property Value = £220,000

Percentage Share = 40%

Share Price = £88,000

Annual Ground rent = £250.00 

*Monthly Rent = £356.66 (From April 01 £390.19)

*Monthly Service Charge = £220.44 (From April 01 £229.37)

**Monthly Mortgage Payment = £450.00

***Annual Household Income = £37,500

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.

***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.

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