Available through our resale shared ownership scheme, a three-bedroom, two storey, semi-detached house in Sittingbourne.

  

Property description:

The property ground floor comprises a fitted kitchen with integrated appliances, reception room, a W/C and hallway storage. The first floor comprises three bedrooms, master bedroom with ensuite, a family bathroom with shower over bath and a hallway storage cupboard. 

The property also benefits from access to a private garden with side-gate access and driveway parking.

Lease: Commenced 2017 with 125-year term

Council Tax Band: Swale Council – unavailable 

Approx. Gross Internal Area: 876sq.ft.

FINANCIAL INFORMATION

Property Value = £340,000

Percentage Share = 40%

Share Price = £136,000

Monthly Ground Rent = £29.16

*Monthly Rent = £491.75 (£537.97 from 1st April)

*Monthly Service Charge = £47.96 (£30.40 from 1st April)

**Monthly Mortgage Payment = £789

***Annual Household Income = £47,000

*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 6.0%.

***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.

Read more...