Available through our resale shared ownership scheme, a two-bedroom, two storey, mid-terraced house in Faversham.

  

Property description:

The property is immaculate and has feature wallpaper throughout. The ground floor comprises a newly tiled kitchen with integrated appliances, reception room, a W/C and under-stair storage. The first floor comprises two bedrooms, one with a fitted wardrobe, and a family bathroom with shower over bath. 

The property also benefits from access to a fully landscaped rear garden with shed storage and side-gate access, and a front garden that has been replanted, has new slate paving and driveway parking.

Lease: Commenced 2022 with 999-year term

Council Tax Band: Swale Council – C

Approx. Gross Internal Area: 752sq.ft.

LOCAL AREA INFORMATION

  • The nearby market town of Faversham has plenty of shops, restaurants and more. There is also a Visitor Centre offering guided tours taking visitors around the Faversham Brewery site to learn about the ancient art of brewing.
  • Trains run regularly from Faversham Station to London Victoria and London St. Pancras, with
  • connections to Cannon Street and Fenchurch Street. It’s just a short to the M2/A2, which connects Dover and Canterbury with the M25 and London. The north Kent coastal towns of Whitstable and Herne Bay are also easily accessible via the nearby A299, also known as the Thanet Way.
  • If you love cycling or walking, there are plenty of scenic trails to explore. The country parks and other green spaces are perfect for a picnic, or you can visit the coastal resorts of Whitstable and Herne Bay. 

FINANCIAL INFORMATION

Property Value = £295,000

Percentage Share = 55%

Share Price = £162,250

*Monthly Rent = £297.93 (£325.94 from 1st April 2024)

*Monthly Service Charge = £69.77 (£33.07 from 1st April 2024)

**Monthly Mortgage Payment = £829

***Annual Household Income = £42,000

*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. 

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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