3 bedroom house for sale
Marconi Crescent, ME9 9SS
Share percentage 25%, full price £390,000, £9,750 Min Deposit.
Share percentage 25%, full price £390,000, £9,750 Min Deposit.
Monthly Cost: £1,337
Rent £795,
Service charge £47,
Mortgage £495*
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.
Summary
Available through our resale shared ownership scheme, a detached, three-bedroom house in Teynham.
Description
Property description:
The property ground floor comprises a fitted kitchen with integrated appliances, living/dining area,
a W/C and under-stair storage. The first floor comprises three bedrooms, master bedroom includes built in wardrobe and ensuite, a family bathroom with shower over bath and a hallway storage cupboard.
The property also benefits from side-gate access to a private garden, a shed and allocated parking.
Lease: Commenced 2021 with 999-year term
Council Tax Band: Swale Council - D
Approx. Gross Internal Area: 1050sq.ft.
FINANCIAL INFORMATION
Property Value = £390,000
Percentage Share = 25%
Share Price = £97,500
Monthly Ground Rent = £29.17
*Monthly Rent = £795.21
*Monthly Service Charge = £47.47
**Monthly Mortgage Payment = £498.00
***Annual Household Income = £49,000
*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
LOCAL AREA INFORMATION
· The modern market town of Sittingbourne has a proud maritime and industrial heritage. And it’s just over ten minutes’ away by car, with direct rail connections to St. Pancras International in less than an hour.
· Enjoy scenic views and local wildlife along the magnificent Kent coastline and walks in enchanting landscapes in the Kent Downs, both are close by.
· Surrounding towns showcase an inspiring array of places to eat and drink, from independent coffee shops to great local pubs.
· In nearby Seasalter there is The Sportsman, which has held a Michelin star since 2008 and Whitstable has endless seafood eateries including The Lobster Shack and The Whitstable Oyster Company.
· Nearby Faversham is home to The Faversham Brewery and Britain’s oldest brewer, Shepherd Neame. The award-winning brewery tours provide a glimpse into the ancient art of brewing and the ales can be savoured in many Shepherd Neame pubs locally. There is also Faversham’s Charter Market, the oldest market in Kent, plus two other monthly markets selling food and Art & Crafts.
· Just east along the A2 sits Canterbury with its stunning cathedral and its pretty cobblestone streets and countless attractions catering for all tastes. From seeing a play at the Marlowe Theatre to punting on the historic River Stour this cathedral city offers it all.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Key Information Document 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 £390,000, £9,750 Min Deposit. Calculated using a representative rate of 4.64%
