Share percentage 40%, full price £340,000, £13,600 Min Deposit.
Monthly Cost: £1,212
Rent £468,
Service charge £43,
Mortgage £701*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
Summary
Ideal for FIRST-TIME BUYERS and SMALL FAMILIES. Featuring an OPEN-PLAN kitchen/dining room with INTEGRATED appliances and UTILITY.
Description
Plot 270 - The Oak
An ideal home for first-time buyers or small families, looking to get on the property ladder. The Oak is thoughtfully designed double-fronted property, with plenty of open-plan living space to enjoy.
The entrance hallway is located in the centre of the ground floor, with stairs leading up to the first floor and a guest cloakroom. To each side of the hall, both the kitchen/dining area and living room span the width of the home. The dual-aspect kitchen/dining area provides a great space for entertaining, with an "L" shaped kitchen which comes fitted with an integrated oven, hob and fridge/freezer. Just off the kitchen you will find a small utility room where you can access under stair storage. Across the hall you will find the spacious living room which is also dual aspect and boasts double doors leading out to the westerly facing private garden.
Making your way upstairs, the principle bedroom is located at the front of the home, as is the second bedroom, which could either be a twin or double. Completing this floor is the third single bedroom, storage cupboard and family bathroom, which comes fully fitted with contemporary white sanitaryware, including bath, shower set and glass screen.
Our homes at Westwood Point come with a vast specification, including flooring throughout and turf to rear gardens.
Anticipated build completion May/June 2024.
Shared Ownership
Full Market Value: £340,000
Minimum Share: £136,000 (40%)
Monthly Rent: £467.50
Maximum Share: £255,000 (75%)
Monthly Rent: £194.79
Other Monthly Charges (includes service charge and buildings insurance): £42.95
Predicted Energy Assessment*:
Energy Efficiency Rating:84(B)
Environmental Impact (CO2) Rating:86(B)
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Tenure: Leasehold
Length of lease: 125 years
Initial ground rent: £0.00
Estimated annual service charge: £241.32
Service charge review period: April (annually)
Council tax band: TBC - Council Tax Band will be confirmed by the local authority on completion of the property
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Please note that whilst every effort is made to publish interior images as similar to the home as possible, these images are not specific to the development and are selected from a library of show homes across our Orbit Homes developments. This means that the images shown do not represent the specification included within this specific plot and variances will apply. These images are used for illustrative purposes only, and selected to give the closest representation available of the layout. For site specific layout and specification, please refer to technical drawings.
*The energy performance has been assessed using the Government approved SAP2012 methodology and is rated in terms of the energy use per square meter of floor area; the energy efficiency is based on fuel costs and the environmental impact is based on carbon dioxide (CO2) emissions. These are predicted ratings which might not represent the final rating EPC rating upon completion of the property.
Westwood Point
We are delighted to present Westwood Point Phase 5b, a beautiful collection of two, three and four bedroom homes. All homes are available to buy through Shared Ownership Scheme subject to eligibility, terms and conditions.
Located in the heart of Thanet, with fantastic amenities right on its doorstep and the towns of Margate, Ramsgate and Broadstairs all within 10 minutes by road.
All essential shops are only a short walk or drive from your door and there are plenty of other ways to enjoy your spare time. Westwood Cross Shopping Centre is home to a huge collection of stores from fashion, pharmacies, a cinema, restaurants and health club.
Disclaimers
Shared Ownership
Shared Ownership is subject to qualification.
Rent is 2.75% of the unsold equity.
Under the terms of the Shared Ownership scheme you will be offered the maximum % share you can afford.
Other monthly charges include service charge and buildings insurance.
Key Features
- Open-plan kitchen/dining area spanning the width of the home
- Fitted kitchen with integrated oven, hob, extractor hood and fridge/freezer
- Utility room to the side of the kitchen, with under stair storage
- Full-width living room with double doors to the private garden
- 2 allocated parking spaces to the rear of the garden
- Karndean flooring to wet rooms
- Carpet to non wet rooms
- Turf and paved patio to rear garden
- 10 year NHBC warranty
- On the doorstep of Margate, Ramsgate and Broadstairs all within 10 minutes by road
- A short walk or drive to Westwood Cross shopping centre
- Excellent transport links into London, the South East and further afield
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan Brochure 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 £340,000, £13,600 Min Deposit. Calculated using a representative rate of 4.80%
