2 bedroom apartment for sale
Cory's Road, Rochester, ME1 1RW
Share percentage 25.00%, full price £316,000, £7,900 Deposit.
Share percentage 25.00%, full price £316,000, £7,900 Deposit
Monthly Cost: £1,043
Rent £453,
Service charge £191,
Mortgage £399*
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
A collection of modern 2 bedroom apartments in a fantastic riverside location in Rochester
Description
Modern 2 bedroom apartments in a fantastic riverside location at the heart of the city, available through shared ownership.
Set down your roots with a perfect balance of history and modern contemporary living in Rochester. The homes boast contemporary specifications and comes complete with integrated appliances and quality flooring fitted at no additional cost, ensuring a hassle-free move-in experience.
Prices of a 2 bedroom apartment start from £79,000 for a 25% share, based on a full market value of £316,000. Deposits starting from £7,900.
Your estimated monthly outgoings*:
Monthly rent: £543
Monthly service charge: £191
10% deposit: £7,900
Please note that the Council Tax banding is not set until after legal completion. For more information, please refer to your Local Authority.
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A fantastic location
Located on your doorstep is Rochester station with excellent connections to London, the South Coast and beyond. What's more, a short walk away is the on-site central plaza including a Co-op, Costa, Travelodge and new primary school.
All-year round feel the breeze in your hair on riverside walks or runs along Rochester Riverside's new walkway, or visit Riverside Country Park where the reed beds, mudflats and salt marshes are a special haven for wildlife.
Love living local
But it's not just about the convenient location, Rochester offers you the chance to immerse yourself in the local scene; sit out at pavement cafés, explore the historic Rochester castle, or become a regular at the Farmers' Market with its stalls of freshly baked bread, artisan cheeses, award-winning chilli-infused oils and cherries, pears and apples from Kent orchards.
Just down the road, Strood has a superb choice of supermarkets, as well as the Strood Sports Centre; a hub for swimming, a workout or fitness class. Rochester's Leisure Park is home to Cineworld, Hollywood Bowl and a choice of diners, or catch the latest production at The Little Theatre.
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.
Make the most of the Hyde difference
- Over 90% customer satisfaction for 11 consecutive years
- Experienced in-house sales team to help you with the process to owning your own home
- Option to purchase more shares and own your home outright at any time
- High specification as standard
- Contemporary kitchen units with integrated appliances
- NHBC warranty
- Quality flooring included at no extra cost
Key Features
- Located in the heart of the city with a perfect balance of history and modern contemporary living
- Set within 10 acres of open space, with a newly regenerated 2.5km riverside walk
- Stunning views across the Medway and inland towards historic Rochester Castle and Cathedral
- Excellent travel connections via rail to London and the South Coast and beyond
- On-site facilities including a Costa Coffee, Co-op, Travelodge and a new primary school
- Local area well known for the annual Dickens Festival
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Map
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Yes
Dishwasher: Yes
Fridge/Freezer: Yes
Parking: Yes - Allocated
Outside Space/Garden: Yes - Terrace
Year property was built: Enquire with provider
Unit size: 778
Accessible measures: Enquire with provider
Flooded within the last 5 years: No
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 10%, full price £316,000, £3,160 Min Deposit. Calculated using a representative rate of 4.59%
