3 bedroom apartment for sale
5 Corys Road, ME1 1GU
Share percentage 35%, full price £325,000, £11,375 Min Deposit.
Share percentage 35%, full price £325,000, £11,375 Min Deposit.
Monthly Cost: £1,395
Rent £584,
Service charge £234,
Mortgage £577*
Calculated using a representative rate of 4.64%
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
Available through our resale shared ownership scheme, a ground floor, three-bedroom apartment in Rochester.
Description
The property comprises a wheelchair accessible, communal entrance with a two-way audio entry system.
Open plan kitchen and reception - kitchen complete with white gloss handle-less units, mini recessed flush down lighters, a laminate worktop with matching upstands and splashback behind hob, a stainless-steel sink bowl and drainer. A chrome swan-neck mixer tap, double oven, integrated combi microwave, an electric hob and cooker hood, and an integrated fridge/freezer and dishwasher.
Three bedrooms - complete with white matt emulsion walls and ceilings including neutral carpets and TV and Q connectivity, with an ensuite and built-in wardrobe in the master bedroom.
Family bathroom with shower over bath - completed with grey floor tiles, chrome plate heated towel rails, a shaver socket and vanity unit, glass mirror fronted cabinets, and a glass shower screen over bath.
Storage - floor storage space in boiler cupboard, a small walk-in storage with washer/drier and water tank and a large, walk-in storage cupboard.
Throughout the property is white satin finish woodwork and grey Amtico flooring, with chrome plate and satin nickel ironmongery to internal doors (all of which are certified fire-safe). Complete with several ceiling extractor fans and a smoke and heat detector.
The property also benefits from a 12 Year NHBC warranty that commenced 2021, direct access to private terrace, communal Freeview/Sky Q/FMDAB reception, BT Fibre and HyperOptic broadband, communal cycle storage and off-street, permit-parking with visitor space.
Lease: Commenced 2021 with 999-year term
Council Tax Band: Medway Council - D
Approx. Gross Internal Area: 930sq.ft.
FINANCIAL INFORMATION
Property Value = £325,000
Percentage Share = 35%
Share Price = £113,750
*Monthly Rent = £583.51
*Monthly Service Charge = £233.54
**Monthly Mortgage Payment = £581
***Annual Household Income = £50,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced.
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, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Key Features
- Rochester loves its festivals and events which run throughout the year, from the traditional Sweeps and Dickensian Festivals to the Medway Arts Festival. The magnificent castle and gardens host the July Medway Mile event and in wintertime they become a fairy-tale backdrop for the Christmas Market with its hot chocolate stalls and Bavarian food village.
- Rochester Riverside is well supported by several local GP surgeries, dental surgeries, veterinarian surgeries, either within walking distance or a short drive/bus journey away. Located in Gillingham, Medway Maritime Hospital is just 3.3miles away, and the closest local Police Station is just 4 miles away also located in Gillingham.
Particulars
Tenure: Leasehold
Lease Length: 996 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 35%, full price £325,000, £11,375 Min Deposit. Calculated using a representative rate of 4.64%
