1 bedroom apartment for sale
**UNDER OFFER** 66 Maritime House, Ocean Drive, Medway, ME7 1GT
Share percentage 50%, full price £155,000, £7,750 Min Deposit.
Share percentage 50%, full price £155,000, £7,750 Min Deposit.
Monthly Cost: £725
Rent £201,
Service charge £131,
Mortgage £393*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
The apartment is located on the fourth floor of a six storey block of apartments.
Description
Accommodation
Fourth Floor: Entrance, Open Pan Kitchen/Living Room, One Bedroom and a Bathroom/WC.
External: Balcony (accessed from the living area), onsite gym, onsite bike store and car parking for one vehicle in a zoned permit parking area.
Location
This property is positioned in a residential area and is within walking distance of Gillingham town centre.
Purchase Information
For Sale is a 50% share of the property for £77,500 with an additional monthly charge of £332.54 which includes Rent and Service Charge.
Additional Information
As of 01/04/23 the property charges will change due to Orbit’s Rent Review 2023. Therefore, the monthly rent will be £215.42 and the monthly service charge will be £191.94.
If you require any further information or wish to arrange a viewing, please contact Orbit Home Ownership Services using the details provided.
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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.
Share percentage 50%, full price £155,000, £7,750 Min Deposit. Calculated using a representative rate of 4.64%
