£53,750

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this well-maintained shared ownership resale one bedroom apartment at Chatham Waters, Gillingham. The price shown represents purchasing a 25% share of the property.

Property Overview

Located within the popular Chatham Waters regeneration area, this contemporary one bedroom apartment offers an excellent opportunity to step onto the property ladder within a growing waterside community.

Positioned on the second floor and extending to approximately 45 sq m (484 sq ft), the apartment has been thoughtfully designed to maximise space and natural light. The accommodation centres around a modern open plan kitchen, living and dining area, enhanced by floor-to-ceiling windows that create a bright and welcoming living environment.

The stylish kitchen benefits from a range of integrated appliances, while the well-proportioned double bedroom includes fitted wardrobes, providing excellent storage. A modern bathroom and practical storage solutions complete the accommodation.

The property forms part of a modern and well-connected development, with residents benefiting from access to waterfront walks, attractive communal gardens, green open spaces and a range of local amenities on the doorstep.

Financial Breakdown

- Full Market Value: £215,000
- 25% Share Value: £53,750
- Rent on unowned share: £402.29 per month
- Service Charge: £192.25 per month
- Lease Length: Approximately 989 years remaining
- Rent Review: Reviewed annually (Rpi + 0.5%)

Local Area

Living at Chatham Waters places you within walking distance of a range of local amenities, green open spaces and a beautiful waterfront boulevard, providing the perfect setting for walking, running or simply enjoying the waterside surroundings.

Gillingham town centre offers a wide variety of shops, cafés, restaurants and everyday amenities, including The Pentagon Shopping Centre. Home to more than 70 popular retailers, the centre provides excellent shopping, dining and leisure options.

Whether travelling by road or rail, the area offers excellent connectivity. Gillingham Railway Station is approximately an eight-minute drive away, providing regular services across Kent and into London. Stratford International can be reached in around 36 minutes, London St Pancras International in approximately 44 minutes and London Victoria in around 54 minutes.

The nearby A2 and M2 provide convenient access to Maidstone, Sevenoaks, Canterbury, Ashford and the wider South East, making Chatham Waters an ideal location for commuters and professionals.

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property’s value, while paying a subsidised rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%. Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately.

Legal & General Affordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.

Eligibility Criteria

To be eligible for Shared Ownership, you will need to:

- Have a combined household income under £80,000 per annum.
- Not already own a property, or part of a property, at the time of completing your purchase.
- Be unable to purchase a suitable home to meet your housing needs on the open market.

This resale opportunity offers a chance to buy an established home through the Shared Ownership scheme, providing a more affordable and flexible way to get onto the property ladder.

About Highlight Housing

We are The Affordable Homes Agency.

Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.

With over 15 years’ experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.

Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.