2 bedroom apartment for sale
Ensign Court, Waterside, DA11 9FB
Share percentage 25%, full price £205,000, £5,125 Min Deposit.
Share percentage 25%, full price £205,000, £5,125 Min Deposit.
Monthly Cost: £925
Rent £528,
Service charge £137,
Mortgage £260*
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.
- You live or work in Gravesham - Gravesham District
Summary
Available through our resale shared ownership scheme, a 2nd floor, two-bedroom apartment in Gravesend.
Description
The property comprises a communal entrance, entry system, kitchen and reception, kitchen with integrated appliances, living/dining area, two bedrooms, two bedrooms, family bathroom with shower over bath and hallway storage cupboard.
The property also benefits from access to a communal garden and allocated parking.
Please note priority will be given to those who live and work in Gravesham. Other applicants may enquire about our waiting list.
Lease: Commenced 2004 with 125-year term
Council Tax Band: Gravesham Council - C
Approx. Gross Internal Area: 684sq.ft.
FINANCIAL INFORMATION
Property Value = £205,000
Percentage Share = 25%
Share Price = £51,250
*Monthly Rent = £527.50
*Monthly Service Charge = £136.86
**Monthly Mortgage Payment = £262.00
***Annual Household Income = £31,000
*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
- Quiet residential area of Northfleet close to local shops & amenities.
- Bluewater Shopping Centre is a 15-minute drive from the property which offers a wide variety of shops, restaurants, entertainment & other amenities.
- 1.8 miles from Ebbsfleet International Train Station, providing fast direct train services to London St Pancras, Stratford, Ashford and Dover.
- The A2 is easily accessible providing a direct route into central London and to the motorway network.
- Within close proximity of local primary/secondary schools.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Floor Plan Energy CertificateMap
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 25%, full price £205,000, £5,125 Min Deposit. Calculated using a representative rate of 4.64%
