Available through our resale shared ownership scheme, a second floor, one-bedroom apartment in Kent.
Property description:
The property is located in picturesque area with a water feature and play area within the complex.
The property comprises of a communal/wheelchair accessible entrance, entry system, lift access. comes with allocated parking (undercover), the building also has CCTV at front and rear entrance. Kitchen with integrated appliances, living/dining area, juliette balcony, one bedroom including built in wardrobe, family bathroom with shower over bath and hallway storage cupboard. New carpets throughout.
Lease: Commenced 2012 with 125-year term
Council Tax Band: Medway Council – C
Approx. Gross Internal Area: 504sq.ft.
LOCAL AREA INFORMATION
- Situated in Gillingham next to the River Medway close to local shops & amenities, Gillingham train station.
- Gillingham Town Centre is located 1.0 miles from the apartment and offers a wide variety of shops, restaurants, entertainment and other amenities.
- Gillingham Train Station is situated 1.0 miles from the property and offers direct services to; London Victoria, Ramsgate and high-speed rail services to London St Pancras.
- Within close proximity of local primary and secondary schools.
- The M2 is easily accessible which provides a direct route to London.
FINANCIAL INFORMATION
Property Value = £190,000
Percentage Share = 40%
Share Price = £76,000
*Monthly Rent = £224.12
*Monthly Service Charge = £144.75
**Monthly Mortgage Payment = £388.00
***Annual Household Income = £24,000
*Please note the rent and service charge is reviewed annually 01 April. Service Charge includes £54.21 paid to Hyde and £90.54 paid to Jenny and Barratt.
** 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.
