1 bedroom apartment for sale
Canterbury Riverside, CT1 1SZ
Share percentage 40%, full price £222,500, £8,900 Min Deposit.
Share percentage 40%, full price £222,500, £8,900 Min Deposit.
Monthly Cost: £908
Rent £303,
Service charge £146,
Mortgage £459*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
Summary
Set beside the River Stour in Canterbury, with places to dine, shop and socialise right on your doorstep!
Description
Prices start from £89,000 for a 40% share, based on a full market value of £222,500 for a one bedroom apartment.
Your estimated monthly outgoings*:
Monthly rent: £306
Monthly service charge: £146
Total outgoings*: £968
Minimum household income: £33,000
10% deposit: £8,900
Please note that the Council Tax banding is not set until after legal completion. For more information, please refer to your Local Authority.
Your new home
The 1-bedroom apartments at Riverside Square offers a convenient and comfortable living experience. The homes boasts and open plan kitchen/living/dining area with a focal door out to a private outdoor space in the form of a balcony or terrace. The homes also come equipped with integrated appliances and features fitted flooring and a built-in wardrobe in the master bedroom. With a great specification, residents can enjoy modern amenities and a well-designed living space. The apartments includes the added convenience of allocated parking. Additionally, residents have the privilege of enjoying a residents-only podium garden, enhancing the overall living experience with a touch of greenery and tranquillity.
Why buy at Riverside Square?
• Be a part of something new – a whole new Canterbury community
• A fully inclusive high specification with integrated appliances at no extra cost!
• New public square at its heart and overlooks the River Stour that runs through the city centre
• 30 minute travel to Kent University
• Well-connected via road and train to London and beyond
What is shared ownership?
Perfect for first time and repeat buyers alike, shared ownership is a government backed scheme which allows you to purchase a home which may be out of your price range by allowing you buy to a share of a home and pay a subsidised rent on the remaining share.
You can buy a 25% – 75% share of your new home. You’ll pay a mortgage on this and a subsidised rent to Hyde New Homes on the remaining share.
As time goes on and your income rises, you’ll have the option to ‘staircase’ – to increase the amount you own and eventually, you can own 100% of your home, and no longer pay rent. Eligibility criteria applies.
The Hyde difference:
• Over 90% customer satisfaction for 10 consecutive years
• High specification as standard
• Contemporary kitchen units with integrated appliances
• Quality flooring included
Register your interest today for further details.
Disclaimer: Images are representive of the Hyde New Homes Riverside Square show home. *Please be aware that a typical monthly mortgage payment based on the given criteria has been included in the total monthly outgoing’s calculation
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan BrochureMap
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 40%, full price £222,500, £8,900 Min Deposit. Calculated using a representative rate of 4.80%