3 bedroom house for sale
Capricorn Way, Margate, CT9 4HR
Share percentage 45%, full price £365,000, £8,213 Min Deposit.
Share percentage 45%, full price £365,000, £8,213 Min Deposit
Monthly Cost: £1,406
Rent £468,
Service charge £46,
Mortgage £892*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Margate, Kent
Description
This bright, modern three-bedroom end-of-terrace house is now available in Margate through Shared Ownership.
The property comprises a spacious living room on the ground floor, a modern separate kitchen with dining area, and a WC. On the first floor, there are three bedrooms and a bathroom.
Outside, there is a private rear garden and off-road parking for two cars. Perfect for families.
Available for £164,250 for 45% share based on the marketing figure of £365,000.
Monthly rent - £468.27
Monthly Service Charge - £46.44
Total Monthly Charge - £514.71 plus mortgage required for 45% share.
An annual rent increase takes place every April
LocationLiving in Margate offers a unique blend of coastal charm and suburban tranquillity.
Residents enjoy easy access to local amenities, including shops, schools, and recreational facilities, all within a short distance from the property.
Additionally, the proximity to the stunning Margate coastline provides opportunities for leisure activities such as beach outings and seaside walks, enhancing the overall quality of life in this picturesque location.
Margate Station and Broadstairs Station are only a 10-minute drive from the property, which is perfect for commuters and those travelling to various cities and towns.
Lease informationYears remaining on lease: 124
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationHow we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by SO Resi and MTVH
You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
Key Features
- Three bed end of terrace
- Modern kitchen
- Parking for x2 cars
- Private rear garden
- Available for 45% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 124 years
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
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 45%, full price £365,000, £8,213 Min Deposit. Calculated using a representative rate of 4.78%
