Share percentage 40%, full price £347,500, £13,900 Min Deposit
Monthly Cost: £1,326
Rent £478,
Service charge £146,
Mortgage £702*
Calculated using a representative rate of 4.59%
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
A modern 2 bedroom apartment in the heart of Canterbury, ready to move in and available through shared ownership
Description
A modern 2 bedroom apartment in the heart of Canterbury, ready to move in and available through shared ownership.
This 2-bedroom home in Mallard House at Riverside Square presents a spacious and well-designed living space. The residence boasts an open-plan kitchen/living/dining area, seamlessly integrating functionality and style. A focal door opens to a private balcony, providing a perfect spot for relaxation. The master bedroom features a fitted wardrobe, adding practical storage solutions to the home. With integrated appliances, fitted flooring, and a high-quality specification, this residence is tailored for a hassle-free move-in experience.
Ideal for first-time buyers, couples, and young professionals, this home combines modern amenities with thoughtful design to meet diverse lifestyle needs.
Prices start from £139,000 for a 40% share, based on a full market value of £347,500.
Your estimated monthly outgoings*:
Monthly rent: £478
Monthly service charge: £146
5% deposit: £6,950
Please note that the Council Tax banding is not set until after legal completion. For more information, please refer to your Local Authority.
About the home
The open- plan living, dining and kitchen area is the ideal gathering spot for family and friends, with seamless access to the balcony, creating an indoor-outdoor oasis. The kitchen comes complete with integrated appliances at no extra cost.
The main bedroom features an ensuite and a fitted wardrobe, while the additional bedroom share a modern family bathroom. Bedrooms 2 is versatile, allowing you to personalise it as a child's room, dressing room, or a convenient work-from-home office. The added convenience of off-street parking with EV charging points enhances the allure of this home, making it the ultimate home for you.
Living at Riverside Square
Riverside Square is a collection of 1 & 2 bedroom apartments, exclusively available with shared ownership. The homes are a short walk away from The Riverside, a £115 million mixed-use development at the centre of a new leisure quarter in the historic City of Canterbury.
The development has a new public square at its heart and overlooks the River Stour that runs through the city centre. This leisure-led destination is anchored by a 5 screen, iconic Curzon cinema. Restaurants and bars wrap around the new public square, with demised external seating and sufficient areas to host pop-up events to animate and enliven the public realm.
What is shared ownership?
Perfect for first time and repeat buyers alike, shared ownership is a government backed scheme which allows you to purchase a home which may be out of your price range by allowing you buy to a share of a home and pay a subsidised rent on the remaining share.
You can buy a 25% – 75% share of your new home. You’ll pay a mortgage on this and a subsidised rent to Hyde New Homes on the remaining share.
As time goes on and your income rises, you’ll have the option to ‘staircase’ – to increase the amount you own and eventually, you can own 100% of your home, and no longer pay rent. Eligibility criteria applies.
The Hyde Difference
• Over 90% customer satisfaction for 11 consecutive years
• Experienced in-house sales team to help you with the process to owning your own home
• Option to purchase more shares and own your home outright at any time
• High specification as standard
• Contemporary kitchen units with integrated appliances
• NHBC warranty
• Quality flooring included at no extra cost
Key Features
- Located a short walk to The Riverside, a £115 million leisure quarter
- Allocated parking available
- Reach London St Pancras in 55 minutes from Canterbury West Station
- In close proximity to The Kings Mile district and Canterbury City Centre
- Spacious double bedroom with a fitted wardrobe
- Modern specification throughout
- Integrated appliances and quality flooring fitted at no additional cost
- Private balcony
- Landscaped communal gardens overlooking the River Stour
- Ready to move in and available through shared ownership
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan BrochureVideo Tour
Map
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Yes
Dishwasher: Enquire with provider
Fridge/Freezer: Yes
Parking: Yes - Allocated
Outside Space/Garden: Yes - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Communal lift: Yes
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £347,500, £13,900 Min Deposit. Calculated using a representative rate of 4.59%
