2 bedroom apartment for sale

Available

Pevensey Court, St Peter's Street, ME16 0GQ

£150,000 · Shared Ownership Resale

Share percentage 75%, full price £200,000, £15,000 Min Deposit.

Available
2 bedrooms
1 Bathroom
Communal Garden
Parking
£150,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 75%, full price £200,000, £15,000 Min Deposit.

Monthly Cost: £949
Rent £125, Service charge £93, Mortgage £731*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

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Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
Summary

Available through our resale shared ownership scheme, a second floor, two-bedroom apartment situated in Maidstone.

Description

The property comprises a communal entrance with phone entry system, open plan kitchen and reception, fitted kitchen with stand-alone, two double bedrooms, family bathroom with shower over bath, double glazing throughout and generous storage space.

The property also benefits from access to a well-maintained communal garden and an allocated permit parking space.

Length of Lease: Approx. 107 Years

Council Tax Band: Maidstone Council - C

Gross Internal Area: 49m2

FINANCIAL INFORMATION

Property Value = £200,000

Percentage Share = 75%

Share Price = £150,000

*Monthly Rent = £125.08

*Monthly Service Charge = £93.33

**Monthly Mortgage Payment = £750

***Annual Household Income = £33,000

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

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.

Contact us now to arrange a viewing:

Please call the Sales Team on 0345 606 1221

**To obtain a Hyde New Homes Reference number, please visit our website to register and complete the online application. A reference number will be emailed to you once the application is completed.

Key Features

LOCAL AREA INFORMATION

  • Pevensey Court is situated just 0.2 miles from the nearest train station, and close to the High Street, with its wide range of shops, bars and restaurants.
  • Conveniently situated in the heart of the county for easy access to London, the Kent coast, and beautiful countryside
  • London is just an hour commute away while Ashford is 30 minutes.
  • The town is ranked in the top five shopping centres in the southeast and offers a wide range of leisure activities for all the family from canoeing and boating on the River Medway, great dining, a multiplex cinema, the Hazlitt Theatre, clubs and music venues in town, treasures at the Maidstone Museum and history at Leeds Castle.
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Energy Certificate
Map
Maidstone Barracks (0.19 miles) Maidstone East (0.23 miles) Maidstone West (0.30 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.

£150,000
Shared Ownership Resale
Estimated Monthly Cost:£949
Rent £125
Service Charge £93
Mortgage £731

Share percentage 75%, full price £200,000, £15,000 Min Deposit. Calculated using a representative rate of 4.24%


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.