Available through our resale shared ownership scheme, a detached, three-bedroom house in Teynham.
Property description:
The property ground floor comprises a fitted kitchen with integrated appliances, living/dining area,
a W/C and under-stair storage. The first floor comprises three bedrooms, master bedroom includes built in wardrobe and ensuite, a family bathroom with shower over bath and a hallway storage cupboard.
The property also benefits from side-gate access to a private garden, a shed and allocated parking.
Lease: Commenced 2021 with 999-year term
Council Tax Band: Swale Council – D
Approx. Gross Internal Area: 1050sq.ft.
LOCAL AREA INFORMATION
• The modern market town of Sittingbourne has a proud maritime and industrial heritage. And it’s just over ten minutes’ away by car, with direct rail connections to St. Pancras International in less than an hour.
• Enjoy scenic views and local wildlife along the magnificent Kent coastline and walks in enchanting landscapes in the Kent Downs, both are close by.
• Surrounding towns showcase an inspiring array of places to eat and drink, from independent coffee shops to great local pubs.
• In nearby Seasalter there is The Sportsman, which has held a Michelin star since 2008 and Whitstable has endless seafood eateries including The Lobster Shack and The Whitstable Oyster Company.
• Nearby Faversham is home to The Faversham Brewery and Britain’s oldest brewer, Shepherd Neame. The award-winning brewery tours provide a glimpse into the ancient art of brewing and the ales can be savoured in many Shepherd Neame pubs locally. There is also Faversham’s Charter Market, the oldest market in Kent, plus two other monthly markets selling food and Art & Crafts.
• Just east along the A2 sits Canterbury with its stunning cathedral and its pretty cobblestone streets and countless attractions catering for all tastes. From seeing a play at the Marlowe Theatre to punting on the historic River Stour this cathedral city offers it all.
FINANCIAL INFORMATION
Property Value = £390,000
Percentage Share = 25%
Share Price = £97,500
Monthly Ground Rent = £29.17
*Monthly Rent = £795.21
*Monthly Service Charge = £47.47
**Monthly Mortgage Payment = £498.00
***Annual Household Income = £49,000
*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.
