3 bedroom apartment for sale
Frognal Place, DA14 6LR
Share percentage 40%, full price £340,000, £13,600 Min Deposit.
Share percentage 40%, full price £340,000, £13,600 Min Deposit.
Monthly Cost: £1,431
Rent £595,
Service charge £146,
Mortgage £690*
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 £90,000 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 ground floor, three-bedroom apartment in Sidcup.
Description
The property comprises a communal and private entrance, open plan kitchen and reception, kitchen with integrated appliances, three bedrooms, master bedroom with ensuite, family bathroom with shower over bath, underfloor heating throughout and hallway storage.
The property also benefits from access to a communal garden and off-street parking.
Eligibility: NHS/Oxleas workers will have priority. Other applicants may enquire about our waiting list.
Lease: Commenced 2017 with 999-year term
Council Tax Band: Bexley Council - D
Approx. Gross Internal Area: 849sq.ft.
FINANCIAL INFORMATION
Property Value = £340,000
Percentage Share = 40%
Share Price = £136,000
Monthly Ground Rent = £29.16
*Monthly Rent = £595.38
*Monthly Service Charge = £145.52
**Monthly Mortgage Payment = £695
***Annual Household Income = £53,000
*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
- The development is well served by bus routes with bus stops a few minutes’ walk away at the hospital. Sidcup’s mainline station, in Zone 5, is about 1.5 miles away and provides direct trains to London Bridge, Waterloo East, Charing Cross and Cannon Street as well as to Gravesend, Woolwich, Lewisham, Erith, Bexley and New Eltham.
- Sidcup offers the best of two lifestyles: a calm village-like setting with the beautiful Kent countryside on your doorstep, with London’s thriving city life close at hand.
- Sidcup is surrounded by a number of historical, leisure and sport parks. From the mid-18th century ‘Lamorbey Park’ to ‘Foots Cray Meadows’, a 97-hectare wood and parkland, with the River Cray running through, and ‘Waring Park’, offering hard tennis courts, football and cricket pitches. Not forgetting the 75 hectare ‘Danson Park’ with boating lake and nearby Red House, the iconic Arts and Crafts home of William Morris.
- This area is known for its high-performing schools and colleges including Sidcup and Chislehurst Grammar School with Hurstmere School for Boys and Chislehurst School for Girls nearby.
Particulars
Tenure: Leasehold
Lease Length: 992 years
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 40%, full price £340,000, £13,600 Min Deposit. Calculated using a representative rate of 4.64%
