2 bedroom apartment for sale
Regis Gate, North street, ME10 2FA
Share percentage 75%, full price £200,000, £7,500 Min Deposit.
Share percentage 75%, full price £200,000, £7,500 Min Deposit.
Monthly Cost: £836
Mortgage £836*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
· Register your interest (pink button on the right)
· Have a passed initial financial assessment with one of the below companies:
SRC Mortgage Solutions (https://www.srcmortgagesolutions.com/)
TMP The Mortgage People (tmpmortgages.co.uk)
Mortgage Advice Bureau | UK’s leading mortgage intermediary (https://www.mortgageadvicebureau.com)
· You have a gross household income of no more than £80000 per annum when eligible to purchase.
· You are unable to purchase a suitable home to meet your housing needs on the open market. (Shares cannot be purchased in cash unless you are unable to obtain a mortgage due to age or religious grounds)
· You do not already own a home, or you will have sold your current home before you purchase or rent.
Summary
Southern housing are excited to offer this stunning 2 bed one bath flat in Sittingbourne.
Description
The property has a south facing balcony overlooking the gardens.
All the furniture is available and negotiable if required.
This is an “assisted living” property with in house carers available on a 24 hour basis, if required. Independent living with the comfort of knowing there is immediate help available.
The maximum share you can own is 75%. You won’t pay any rent on the remaining 25% share.
You’ll pay your own council tax and utility bills, just as you do in your current home. The great news is that your utility bills are likely to be lower than those you’re currently paying. Regis Gate has been built to be a very energy efficient building. Your maintenance costs should also be much less than you may be experiencing now.
Your service charge will also cover the cost of many of the activities on offer. Depending on your financial circumstances, you may also be able to get Government help with some of your housing costs or service charges. Within the service charges 5 meals a week are included in that fee.
At Regis Gate there’ll be a mix of shared ownership and rented apartments.
Specifications
A range of outstanding residents’ facilities including:
• Restaurant - serving hot meals daily
• Activity Rooms
• Hairdressing Salon
• Wellbeing Room
• Residents’ Lounge and informal Café Area
• Guest Suite for family and friends to stay overnight*
• Accessible Spa Bathrooms
• Buggy parking with electric charging facilities
• On-site Scheme Manager to offer help and advice if needed
Outside
• Landscaped, fully-maintained communal gardens
• Raised planters, potting shed and greenhouse – to allow you to put your “green fingers” to work if you enjoy gardening
• Car parking spaces Safety and Security
• Pendant alarms for each resident with 24-hour response
• Mains connected smoke/heat detectors with battery back up
• On-site care staff 24 hours a day
• A wearable “fob” providing secure access to resident-only area
Energy Efficiency
• Double glazed windows
• Communal heating system with individual controls to each apartment
• Energy-efficient building, designed and built to Code Level 4
• Energy-efficient appliances fitted throughout
Apartment Specification
Each apartment provides the following:
Kitchen
• Integrated appliances including washer/dryer, fridge/freezer, oven, hob and extractor Bathroom / Wet Room
• Elegantly-designed, easy to use sanitaryware
• Heated chrome towel rail
• Mirrored cabinet with overhead lighting
• Shower/wet area
• Hydrotherapy bath available in the accessible Spa Bathroom
Key Features
NEAREST STATIONS
Kemsley Station
0.6 miles
Sittingbourne Station
0.8 miles
Swale Station
2.5 miles
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via e-mail [email protected] for the vendors details.
If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to [email protected]
Please note that an offer letter can not be issued until the potential buyer completes a ‘Extra care’ application form which will be filled out by the scheme manager.
Application forms need to be returned to Southern housing ASAP
Please note though that if a high volume of applications is received, the deadline might be brought forward.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: B
Map
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 75%, full price £200,000, £7,500 Min Deposit. Calculated using a representative rate of 5.03%
