2 bedroom apartment for sale

Available

Sherbourne Close, DA1 5WQ

£100,000 · Shared Ownership Resale

Share percentage 40%, full price £250,000, £10,000 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£100,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £250,000, £10,000 Min Deposit.

Monthly Cost: £996
Rent £402, Service charge £107, Mortgage £487*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

£
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 first floor, two-bedroom apartment in Dartford, Kent.

Description

The property comprises a communal entrance with entry system, open plan kitchen and reception, fitted kitchen with integrated appliances, private balcony, two bedrooms, family bathroom with shower over bath and hallway storage cupboard.

The property also benefits from access to a communal roof terrace and permit parking.

Lease: Commenced 2017 with 125-year term

Council Tax Band: Dartford Council - D

Gross Internal Area: 700sq.ft.

FINANCIAL INFORMATION

Property Value = £250,000

Percentage Share = 40%

Share Price = £100,000

*Monthly Rent = £401.97

*Monthly Service Charge = £106.56

**Monthly Mortgage Payment = £500

***Annual Household Income = £35,000

*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 our Sales Team on 0345 606 1221 and providethe following information:

Your Contact Number/Email

Your Hyde New Homes or Help to Buy reference number**

Your Deposit for the mortgage

If it is a Single/Joint application (if married it must be joint)

Your Current salary (single/Joint where applicable)

Do you have any children? If so, how many?

Do you own any pets? If so, what?

Are you a current homeowner?

**To obtain a Hyde New Homes Reference number, choose ‘My Hyde’ to register/login on our website and complete the online application. A reference number will be emailed to you once the application is completed.

Please know you may be asked additional information to determine your eligibility, affordability, and your priority as a candidate.

We often receive a high level of interest and aim to respond to enquiries within 3 working days. Please call our sales team if you haven't heard from us within this time.

Key Features
  • The surrounding area hosts a multitude of excellent amenities such as: a large ALDI, Sainsburys and Lidl, Dartford Library, a B&Q, a vet, auto services, dental centre, multiple restaurants, takeaways and pubs, a post office, and Dartford Borough Council. Additionally, popular Bluewater shopping centre is a 20-minute bus ride away and is surrounded by a picturesque nature trail.
  • A well-served bus stop is just minutes away. Dartford Railway station is under a quarter of an hour away by foot and takes you to London in under an hour.
  • Joyce Green Playground is up the road, ideal for kids and Dartford Central Park offers an expanse of green space perfect for dog walking and relaxing. For a longer walk, the nearby path along the river Darent takes you up to the river Thames or down to the beautiful Dartford lakes.
  • The property is within walking distance of a variety of Ofsted: Good and Ofsted: Outstanding rated primary schools, secondary schools, and colleges.
Particulars

Tenure: Leasehold
Council Tax Band: D

Property Downloads
Key Information Document Floor Plan Energy Certificate
Map
Dartford (0.37 miles) Slade Green (1.77 miles) Stone Crossing-Horns Cross (1.77 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.

Read More Read Less
  • 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.

£100,000
Shared Ownership Resale
Estimated Monthly Cost:£996
Rent £402
Service Charge £107
Mortgage £487

Share percentage 40%, full price £250,000, £10,000 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.