2 bedroom apartment for sale
Stocker Court, Paxton Avenue, CT18 7SH
Share percentage 25%, full price £200,000, £5,000 Min Deposit.
Share percentage 25%, full price £200,000, £5,000 Min Deposit.
Monthly Cost: £839
Rent £347,
Service charge £240,
Mortgage £252*
Calculated using a representative rate of 4.59%
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 second floor, two-bedroom apartment in Folkestone.
Description
Property description:
The property comprises a communal entrance with entry system, open plan kitchen and reception, kitchen with integrated appliances, two bedrooms, family bathroom with shower over bath, underfloor heating and hallway storage.
The property also benefits from access to a communal courtyard and allocated parking.
Lease: Commenced 2006 with 125-year term
Council Tax Band: Folkestone & Hythe Council - B
Approx. Gross Internal Area: 678sq.ft.
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.
FINANCIAL INFORMATION
Property Value = £200,000
Percentage Share = 25%
Share Price = £50,000
Monthly Rent = £346.54
Monthly Service Charge = £239.98
Please note the rent and service charge is reviewed annually 01 April.
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
· Surrounded by countryside and near to local amenities including shops, restaurants, dentist, GP Surgery, post office, the village hall and community centre. There’s also a Tesco Express, primary schools and riding stables nearby.
· The village itself is nestled on top of the North Downs overlooking views of the Channel. The beach and Folkestone town centre are just a short drive away.
· The Channel Tunnel terminal at Cheriton is conveniently close and a frequent bus service runs to both the coastal port of Folkestone and the city of Canterbury. The M20 and M2 provides easy access to the motorway.
Particulars
Tenure: Leasehold
Lease Length: 107 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 25%, full price £200,000, £5,000 Min Deposit. Calculated using a representative rate of 4.59%
