1 bedroom apartment for sale

Available

Charles Court, 382 Northdown Road, Margate, Kent, CT9 3FH

£146,250 · Shared Ownership Resale

Share percentage 75%, full price £195,000, £14,625 Min Deposit.

Available
1 bedroom
2 Bathrooms
Private Balcony/Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£146,250 Shared Ownership Resale

Share percentage 75%, full price £195,000, £14,625 Min Deposit.

Monthly Cost: £946
Rent £117, Service charge £91, Mortgage £738*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership Basis

Description

This spacious apartment is part of a recently-constructed development and appears in excellent condition throughout. The property is on the second floor (building has a lift) and has a reception room with open-plan kitchen featuring sleek, dove-grey units and integrated appliances. The bedroom is almost twenty-feet long with a sliding door that leads out onto the balcony. There is a large bathroom with bianco carrara style wall tiles and modern, high-spec fittings. Useful, built-in storage has been provided in the entrance hallway and the energy-efficiency rating is very good, thanks to well insulated walls, high performance glazing and a gas combi-boiler for heating/hot water. The apartment benefits form a secure video intercom system, and whilst this property does not come with a parking space there are three a visitors spaces (first come first served) in the car park and there is on-street parking locally. Charles Court is located just minutes from a supermarket plus a variety of other shops along Northdown Road. Margate town centre, beach and railway station can all be easily reached via bus or by bike.

SHARED OWNERSHIP (Advertised price represents 75% share. Full market value £195,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/2se3cjhw]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Heylo. Heylo Housing requires that all applicants must have permanent rights to reside in the UK.
Tenure: Leasehold (250 years from 2020).
Share Available: 75% (£146,250).
Shared Ownership Rent: £116.68 per month (subject to annual review).
Service Charge: £91.01 per month (subject to annual review).
Guideline Minimum Income: Dual - £29,600 | Single - £35,900 (based on minimum share and 10% deposit).
Council Tax: Band B, Thanet District Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £14,625
  • Guide Minimum Income £29.6k Dual £35.9k Single
  • Second Floor (building has a lift )
  • Approx. 580 Sqft Gross Internal Area
  • Long Lease
  • Balcony
  • Open Plan Kitchen/Reception Room
  • Town Centre/Station Within Easy Reach
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B

Property Downloads
Floor Plan Brochure Energy Certificate
Map
Margate (0.62 miles) Westgate-On-Sea (2.08 miles) Broadstairs (2.73 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£146,250
Shared Ownership Resale
Estimated Monthly Cost:£946
Rent £117
Service Charge £91
Mortgage £738

Share percentage 75%, full price £195,000, £14,625 Min Deposit. Calculated using a representative rate of 4.59%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.