2 bedroom apartment for sale

Under Offer

Plot 40, West Kent @ Ospringe Gardens, ME13 7NT

£77,875 · Shared Ownership New Build

Share percentage 35%, full price £222,500, £3,894 Min Deposit.

Under Offer
2 bedrooms
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£77,875 Shared Ownership New Build · Eligibility Eligibility

Share percentage 35%, full price £222,500, £3,894 Min Deposit.

Monthly Cost: £894
Rent £331, Service charge £119, Mortgage £444*

Calculated using a representative rate of 5.26%

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

Two bedroom flat in Faversham

Description

Do you have a deposit of £3,894**? Then you could call this property a home of your own!

We are pleased to offer this spacious two bedroom flat, available on the shared ownership scheme (part buy, part rent) from West Kent Housing Association!

- Open Plan living and dining area
- Integrated appliances
- Allocated Parking
- Popular location with great links to the motorway.
- Modern kitchen finished to a high standard

Available to apply for now!

Please note the price represents a 35% share in the property (full market value of £222,500)

The rent payable on the unowned share is £432pcm*

The monthly service charge is from £119pcm* approx.

Maximum household income cannot exceed £80,000.

All applicants will be considered, but local applicants may take priority.

*please be aware rent and service charges are subjected to change at annual reviews.

**please note this is based on someone purchasing a 35% share in this property and securing a 5% deposit with a lender (with no existing debt).

Please note that photos internally and externally and the floorplan are for general guidance only, and may not be specific to the property.

Ospringe Gardens is located in the heart of nature, with countryside surrounding the development and green areas within the development. Developments in this type of scenery and location are very rare, and a sought after location for all ages.

Transport:

Close to the M2, providing easy access towards Canterbury and London.

Schools:

Ethelbert Road Primary School, 0.8 miles away
St Mary of Charity Primary School, 1.2 miles away
The Abbey School, 1 mile away
Queen Elizabeth's Grammar School, 1.2 miles away
Railway stations:

Faversham, 1 mile away
Teynham, 2.9 miles away
Parking:

Allocated parking available

Key Features

Shares from 35%
Allocated parking
Carpets in bedrooms
Carpets in living rooms
Good transport links
Integrated appliances
Oven, hob extractor hood
Town location

Particulars

Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Floor Plan Brochure Price List
Map
Faversham (0.98 miles) Teynham (2.93 miles) Selling (4.04 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.

£77,875
Shared Ownership New Build
Estimated Monthly Cost:£894
Rent £331
Service Charge £119
Mortgage £444

Share percentage 35%, full price £222,500, £3,894 Min Deposit. Calculated using a representative rate of 5.26%


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.