2 bedroom apartment for sale
Galloway Drive, Kennington, TN25 4QQ
Share percentage 35%, full price £195,000, £6,825 Min Deposit.
Share percentage 35%, full price £195,000, £6,825 Min Deposit.
Monthly Cost: £1,011
Rent £488,
Service charge £177,
Mortgage £346*
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 first floor, two-bedroom apartment in Ashford.
Description
Property description:
The property comprises a communal entrance with entry system, open plan kitchen and reception, kitchen with integrated appliances, two bedrooms, master bedroom with built-in wardrobe, family bathroom with shower over bath, electric heating throughout and hallway storage.
The property also benefits from access to a communal courtyard and allocated parking.
Lease: Commenced 2005 with 125-year term
Council Tax Band: Ashford Council - B
Approx. Gross Internal Area: 656sq.ft.
FINANCIAL INFORMATION
Property Value = £195,000
Percentage Share = 35%
Share Price = £68,250
*Monthly Rent = £487.66
*Monthly Service Charge = £177.44
*Please note the rent and service charge is reviewed annually 01 April.
Prior to viewing: All applicants must be registered and approved by Hyde New Homes, and may be required to carry out a shared ownership affordability assessment.
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
LOCAL AREA INFORMATION
· Situated in a quiet residential area of Kennington in Ashford. Ashford Town Centre is easily accessible and offers a variety of shops, restaurants & amenities.
· Nearby Eureka Park includes a Cineworld, Bannatyne’s, McDonalds and a Premier Inn.
· A short distance to the historical Eastwell Manor Country estate where you can enjoy a luxury spa hotel and a specialist Falconry and Bird of Prey Experience.
· Ashford International Train Station offers links to London Victoria via Maidstone, Brighton & mainland Europe, including high speed rail to London St Pancras.
· Easy access to the M20 providing a direct route to the motorway network.
· A short walk away are Primary and Secondary schools with good Ofsted reports.
Particulars
Tenure: Leasehold
Lease Length: 106 years
Council Tax Band: B
Property Downloads
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 £195,000, £6,825 Min Deposit. Calculated using a representative rate of 4.64%
