2 bedroom apartment for sale
***UNDER OFFER*** 100 Maritime House, Ocean Drive, ME7 1GT
Share percentage 25%, full price £240,000, £3,000 Min Deposit.
Share percentage 25%, full price £240,000, £3,000 Min Deposit.
Monthly Cost: £1,143
Rent £550,
Service charge £251,
Mortgage £342*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
The apartment is located on the top floor of a seven storey block of apartments.
Description
Accommodation
Communal Area: Communal areas include entrance reception, staircase, lift and landings and communal grounds.
Top Floor: Entrance Hall, Kitchen, Living Room, Two Bedrooms, ensuite shower room/WC to the master bedroom and a Bathroom/WC.
External: Balcony accessed from the living area, Allocated parking spaces and lawned gardens.
Location
This property is positioned in a residential area and is in a sought-after location close to local shops and amenities and within approximately one mile of Gillingham railway station.
Key Features
Purchase Information
For Sale is a 25% share of the property for £60,000.00 with an additional monthly charge of £801.21 which includes Rent, and Service Charge.
Additional Information
If you require any further information or wish to arrange a viewing, please contact Orbit Home Ownership Services using the details provided.
Rent review information
As of 01/04/2024 the property charges will change due to Orbit’s Rent Review 2024. Therefore, the monthly rent will be £598.74 and the monthly service charge will be £279.60.
Particulars
Tenure: Not specified
Council Tax Band: D
Map
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 £240,000, £3,000 Min Deposit. Calculated using a representative rate of 5.26%
