Share Price £109,125 (from 45% Min. Share)

Full Value £242,500 | £5,456 Min. Deposit

Scheme: Shared Ownership

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Watermans Park - 2 bed apartment in Gravesend - Kent

place Coldharbour Road, DA11 7HQ

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2 bedroom apartment available with Shared Ownership in Gravesend, Kent


Eligibility

ELIGIBILITY
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. At Brook Meadow you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for shared ownership you would need to meet the following criteria:
• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.


Description

Everything you want, we’ve got a home for it!

Whether you’re looking to be close to the countryside for that outdoor space you’ve been dreaming of or to be near a town for the hustle and bustle of city life, we have apartments and houses available to suit your needs.

Reserve today and receive all of these unmissable incentives

  • 3 months Rent Holiday*
  • Receive a £1000 Love2shop voucher on completion**.
  • Reserve for £99†
  • Receive £500 towards your legal fees‡.

Click the 'Brochure' button below to see the full T&C’s.

Everything you want, we’ve got a home for it! Whether you’re looking to be close to the countryside for that outdoor space you’ve been dreaming of or to be near a town for the hustle and bustle of city life, we have apartments and houses available to suit your needs.

That’s not all, reserve today and received unmissable incentives to help get you moving. Take 3 months off with our Rent Holiday* and receive a £1000 Love2shop voucher on completion**.

Also you can secure your dream home for £99† and we will give you £500 towards your legal fees‡.

A brand new two-bedroom apartment located on the first floor is available to buy on a Shared Ownership basis on the new build Persimmon Homes development, Watermans Park in Gravesend, Kent.

All apartments are open plan in the kitchen/living/dining areas. The kitchen is fully fitted with Integrated oven, hob, extractor hood. Each apartment comes with good sized double bedrooms and if you’re in need of additional storage, you will find a storage cupboard along the hallway. Each apartment available comes with one allocated parking space.

The nearby town of Gravesend is 2 miles away and offers a wide range of shopping facilities, Restaurants and bars. Also just 6 miles away is the renowned Bluewater Shopping which caters for all tastes with over 300 shops and over 50 Restaurants, Bars and Cafes, as well as the 12 screen Showcase Cinema complex and Gravity Trampoline Park.

Waterman's Park is perfectly located for those looking to commute, with Ebbsfleet International Station being just 2.5 miles away and providing a swift journey time of around 17 minutes to London St Pancras. Ebbsfleet also provides services to the continent with journey times to Paris in as little just over 2 hours and Brussels in just 1 hour 40 minutes. For car commuters Waterman's Park couldn't be closer to transport links with the A2 being just 0.3 miles away for links to both the Capital and the Coast and the M25 just 6 miles away.


Prices on this development start from 45% equity share. You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings.

What is Shared Ownership?
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

The share options below are based on the full market value of £242,500 for the first floor apartment*:
45% Share £109,125 – Rent £305.65 pcm
60% Share £145,500 – Rent £222.29 pcm
75% Share £181,875 – Rent £138.93 pcm
Approximate monthly service charge: £118.96 pcm

Disclaimers:

*At Watermans Park, you can buy a minimum 45% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

**The photos used are for information purposes only and may not represent a true likeness for the units being sold. They have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.

Mann Countrywide Gravesend are selling the homes on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England.


Key Features

• First floor apartments available
• Good sized bedroom
• Open plan kitchen/living area
• Kitchen Integrated Appliances
• Allocated Parking


Download Documents

Link to the floor plan Property brochure 1 Energy Certificate

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 109,125
Min. £109,125
Share percentage
Min. 45%
Your deposit
Min. £5,456
Monthly cost*
£946
Cost breakdown
£306
Rent
£96
Service charge
£544
Mortgage*
Calculated using a representative rate of 3.94%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.