Available through our resale shared ownership scheme, a second floor, two-bedroom apartment in Strood.
Property description:
The property comprises a communal entrance with entry system, open plan kitchen and reception, kitchen with integrated and standalone appliances, private balcony overlooking gardens, two bedrooms, master bedroom with built-in wardrobes, family bathroom with shower over bath and hallway storage.
The property also benefits from access to bicycle storage, landscaped communal gardens with play area and allocated parking.
Lease: Commenced 2008 with 125-year term
Council Tax Band: Medway Council – C
Approx. Gross Internal Area: 721sq.ft.
LOCAL AREA INFORMATION
- Situated close to both Rochester and Strood town centres, which offer a variety of shops, restaurants, bars and other amenities.
- Walking distance to Medway Valley Leisure Park which consists of a number of amenities including, Nuffield Health Fitness and Wellbeing gym, Hollywood Bowl, Cineworld and a choice of restaurants.
- Morrisons petrol station and shop is nearby including Ranscombe Nature Reserve and Bluewater is less than a 20minute drive away.
- The property is approx. 1.7 miles from Cuxton rail station and approx. 1.9 miles from Strood rail station both offering direct services to Central London, Tonbridge and Maidstone. Ideally located for commuting into London and Maidstone, nearby train stations include Rochester, Strood and Cuxton. Easy access to the A2 and M2 routes London bound, and coast bound. Alternatively, the M20 is around 6.7 miles away.
- The property is in the catchment area for several schools, one being a small village school in Cuxton.
FINANCIAL INFORMATION
Property Value = £210,000
Percentage Share = 35%
Share Price = £73,500
*Monthly Rent = £401.38
*Monthly Service Charge = £182.85
**Monthly Mortgage Payment = £376
***Annual Household Income = £33,000
*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.
