3 bedroom house for sale

Available

Eveas Drive, ME10 3ER

£136,000 · Shared Ownership Resale

Share percentage 40%, full price £340,000, £13,600 Min Deposit.

Available
3 bedrooms
2 Bathrooms
Private Garden
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£136,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £340,000, £13,600 Min Deposit.

Monthly Cost: £1,230
Rent £492, Service charge £48, Mortgage £690*

Calculated using a representative rate of 4.64%

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 three-bedroom, two storey, semi-detached house in Sittingbourne.

Description

The property ground floor comprises a fitted kitchen with integrated appliances, reception room, a W/C and hallway storage. The first floor comprises three bedrooms, master bedroom with ensuite, a family bathroom with shower over bath and a hallway storage cupboard.

The property also benefits from access to a private garden with side-gate access and driveway parking.

Lease: Commenced 2017 with 125-year term
Council Tax Band: Swale Council – unavailable
Approx. Gross Internal Area: 876sq.ft.


FINANCIAL INFORMATION
Property Value = £340,000
Percentage Share = 40%
Share Price = £136,000
Monthly Ground Rent = £29.16
*Monthly Rent = £491.75 (£537.97 from 1st April)
*Monthly Service Charge = £47.96 (£30.40 from 1st April)
**Monthly Mortgage Payment = £789
***Annual Household Income = £47,000

*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 6.0%.
***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.

Key Features
  • The nearby town centre boasts an eight-screen cinema, a family restaurant district and retail park.
  • Easy access by car to the A2 and M2 motorway, connecting with London to the north and the port of Dover and the Channel Tunnel at Folkestone to the south. Sittingbourne National Rail Station is on the high-speed route to St Pancras via Ebbsfleet for Eurostar services to the continent. There are also regular services from Sittingbourne to London Victoria and Cannon Street Station in the City of London.
  • A number of well-established schools such as Murton Infants & Junior Schools and Sittingbourne College serve the community alongside Independent and Grammar Schools, with both Borden C of E, Rodmersham Primary School and Westlands School rated Outstanding by Ofsted.
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified

Property Downloads
Key Information Document Floor Plan Energy Certificate
Map
Sittingbourne (1.38 miles) Teynham (1.90 miles) Kemsley (2.00 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.

£136,000
Shared Ownership Resale
Estimated Monthly Cost:£1,230
Rent £492
Service Charge £48
Mortgage £690

Share percentage 40%, full price £340,000, £13,600 Min Deposit. Calculated using a representative rate of 4.64%


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.