2 bedroom apartment for sale


Riverside House, ME20 7FH

£94,000 · Shared Ownership Resale

Share percentage 40%, full price £235,000, £9,400 Min Deposit.

2 bedrooms
1 Bathroom
Communal Garden
Floor plan
Floor plan
£94,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £235,000, £9,400 Min Deposit.

Monthly Cost: £1,016
Rent £394, Service charge £145, Mortgage £477*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs


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.

Available through our resale shared ownership scheme, a 1st floor, two-bedroom apartment in Kent.


Property description:

The property comprises a communal entrance, entry system, open plan kitchen integrated and appliances, living/dining area, two bedrooms, family bathroom with shower over bath, storage space and a Juliette balcony.

The property also benefits from access to a communal garden.

Lease: Commenced 2016 with 125-year term

Council Tax Band: Tonbridge and Malling Council - C

Approx. Gross Internal Area: 764.238sq.ft.

Property Value = £235,000
Percentage Share = 40%
Share Price = £94,000
Monthly Ground Rent = £20.83
*Monthly Rent = £393.88
*Monthly Service Charge = £144.88
**Monthly Mortgage Payment = £480.00
***Annual Household Income = £35,000

*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.

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

· Excellent Primary and Secondary Schools nearby Located in Aylesford at the North Western tip of the Kent Downs AONB and right next to the River Medway.

· Aylesford station also serves both London and nearby Maidstone with regular scheduled services.

· Immediate access to the M20 motorway that connects with the M25.

· There are several supermarkets in the area, including Sainsbury’s and the nearby Aylesford Retail Park.


Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Energy Certificate
Aylesford (0.10 miles) New Hythe (0.81 miles) Barming (1.37 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.

Shared Ownership Resale
Estimated Monthly Cost:£1,016
Rent £394
Service Charge £145
Mortgage £477

Share percentage 40%, full price £235,000, £9,400 Min Deposit. Calculated using a representative rate of 4.64%

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.