3 bedroom house for sale

Available

20 Beata Gardens, Rainham, ME8 8GT

£195,000 · Shared Ownership New Build

Share percentage 50%, full price £390,000, £9,750 Min Deposit.

Available
3 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£195,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £390,000, £9,750 Min Deposit.

Monthly Cost: £1,508
Rent £447, Service charge £50, Mortgage £1,011*

Calculated using a representative rate of 4.32%

Calculate estimated monthly costs

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Eligibility
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.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Summary

Brand new 3 bedroom terraced house in the new Manor Park Development. The price advertised represents purchasing a 50% share of the home.

Description

Brand new 3 bedroom terraced house in the new Manor Park Development. The price advertised represents purchasing a 50% share of the home.

About the Home

This plot is a wonderful 3 bed terraced house. Upon entry there is a square hall that leads to the spacious separate lounge. Through the lounge there is a separate storage cupboard. And WC. To the rear is the open plan dining/kitchen area.

Up the stairs to the second floor there is a long landing which leads to all 3 bedrooms as well as a storage cupboard and a three-piece bathroom with shower over bath. This property is finished to a very high standard.

About the Development

Just a short distance away from the town of Rainham, is this stunning new development of quality homes by Redrow.

On offer will be a 4 bedroom terrace and two three bedroom terrace homes with 2 allocated parking spaces available for shared ownership purchase, with completions due October 2022! all with flexible living space that’s ideal for modern lifestyles.

Just 50 minutes from London St Pancras by train and minutes from the M2 and A2, Manor Park is perfectly placed for commuting into the city, and getting you home again to your family fast. Of course, life isn’t all about work, and Rainham has plenty to offer for your leisure time too, from excellent sports facilities to historic local towns like Rochester and Canterbury.

About the Area

There is a Tesco Metro in Rainham Shopping Centre and a Co-operative convenience store on Parkwood Green, while nearby Gillingham and Rochester have a choice of major supermarkets.

For older children, Rainham School for Girls holds a ‘good’ rating, while Rainham Mark Grammar School goes one better as ‘outstanding’. For independent education, Meredale Independent Primary, and the famous King’s Rochester offer excellent value.

Rainham sits on the A2 Canterbury to London road, with the M2 just a few minutes away. Access to the M25 London Orbital is just over 20miles to the west. Rochester and Sittingbourne are both around 5miles away, with Canterbury 27miles, London 40miles and Dover 42miles.

About Shared Ownership

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.

The minimum initial share you can purchase is 25% and the maximum initial share is 75% of the properties full market value. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

T&C's

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

Key Features
  1. 3 bedroom end terraced house
  2. Flooring throughout
  3. Storage space
  4. Modern fitted kitchen
  5. Private garden
  6. Allocated parking
  7. 3 piece bathroom with shower over bath
  8. There will be an added service charge
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Energy Certificate
Map
Rainham (Kent) (0.52 miles) Newington (2.05 miles) Gillingham (Kent) (3.43 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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 and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

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

£195,000
Shared Ownership New Build
Estimated Monthly Cost:£1,508
Rent £447
Service Charge £50
Mortgage £1,011

Share percentage 50%, full price £390,000, £9,750 Min Deposit. Calculated using a representative rate of 4.32%


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.