1 bedroom apartment for sale
South Shore, Ocean Drive, ME7 1FY
Share percentage 25%, full price £175,000, £4,375 Min Deposit.
Share percentage 25%, full price £175,000, £4,375 Min Deposit
Monthly Cost: £608
Rent £318,
Service charge £73,
Mortgage £217*
Calculated using a representative rate of 4.42%
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 1st floor, one-bedroom apartment in Gillingham.
Description
Property Features:
· Communal entrance with entry system
· Lift access
· Kitchen with integrated appliances
· Dining/living area
· One bedroom
· Family bathroom with shower over bath
· Juliet balcony
· Hallway storage
· Communal bike and bin shed
· Allocated parking and access to EV charging
· Chain free
Lease: Commenced 2012 with 125-year term
Council Tax Band: Medway Council – C
Prior to viewing: All applicants must be registered and approved by Hyde New Homes and may be required to carry out a shared ownership affordability assessment.
Please note the rent and service charge is reviewed annually 01 April. 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. Please note that the Resales Team have not visited this property.
Key Features
Local Area:
· Supermarkets/restaurant bar within 150m
· Large play field and children’s play park
· Local train station has regular services to Central London.
· Easy access to M2 motorway.
· Walking distance to Gillingham high street, offering local amenities.
· Close by to Dockside Shopping outlet which offers, shops, restaurants, entertainment and plenty more.
Particulars
Tenure: Leasehold
Lease Length: 112 years
Council Tax Band: C
Property Downloads
Floor Plan Energy CertificateMap
Material Information
Total rooms: 1
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
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 25%, full price £175,000, £4,375 Min Deposit. Calculated using a representative rate of 4.42%
