2 bedroom apartment for sale
15 Crusade Way, ME2 2ZG
Share percentage 50%, full price £250,000, £6,250 Min Deposit.
Share percentage 50%, full price £250,000, £6,250 Min Deposit.
Monthly Cost: £1,204
Rent £304,
Service charge £204,
Mortgage £696*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Eligibility
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 £90000 per annum when eligible to purchase.
· Live or work in the borough
· 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.
· To purchase this 50% minimum share you will need a minimum joint household income of £42,227 and available savings of £6,250 for a 5% mortgage deposit.
Summary
Southern housing are excited to offer this stunning 2 bed one bath flat in Crusade Way.
Description
Parking outside front door
River view balcony
Lease Term: 125 years from commencement date 1st march 2020
EPC Rating: B - 84
Council: Medway
Council tax band: C
Total floor area – 61 Square meters
Viewings by appointment only. Please note Social Distancing measures need to be followed. Please contact resales via [email protected] for the vendors details.
Once you have viewed the property, if you wish to apply, application form attached to the viewing email, need to be returned to Southern Housing asap.
*Please note the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.
Key Features
Short walking distance to shops, transport links & amenities
NEAREST STATIONS
Rochester Station
1.1 miles
Strood Station
1.2 miles
Cuxton Station
1.5 miles
NEAREST SCHOOLS
Cedar Children's Academy
State School
Ofsted: Good
0.5 miles
The Pilgrim School (A Church of England Primary With Nursery)
State School
Rating: N/A
0.6 miles
Elaine Primary School
State School
Ofsted: Good
0.8 miles
St Nicholas Cecv Primary School
State School
Ofsted: Outstanding
1.0 miles
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: C
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 50%, full price £250,000, £6,250 Min Deposit. Calculated using a representative rate of 5.03%
