Share percentage 25%, full price £225,000, £5,625 Min Deposit.
Monthly Cost: £817
Rent £387,
Service charge £146,
Mortgage £284*
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
Set beside the River Stour in the heart of Canterbury, a spacious 1-bedroom apartment ready to move into in Autumn.
Description
Available now, a modern 1 bedroom apartment in the heart of Canterbury, perfect for first time buyers.
The home boast contemporary specifications and comes complete with integrated appliances and quality flooring fitted at no additional cost, ensuring a hassle-free move-in experience.
Located on your doorstep is the River Stour, with public pathways into the city centre where you can enjoy a vibrant array of shops, restaurants, and amenities. But it's not just about the local scene— the apartment offers more than just a great location. With access to two train stations, commuting to central London has never been easier, where you can reach London St Pancras in 55 minutes.
Prices start from £56,250 for a 25% share, based on a full market value of £225,000.
Your estimated monthly outgoings*:
Monthly rent: £387
Monthly service charge: £146
Minimum household income: £30,000
10% deposit: £5,625
Please note that the Council Tax banding is not set until after legal completion. For more information, please refer to your Local Authority.
About the home
The open- plan living, dining and kitchen area is the ideal gathering spot for family and friends, with seamless access to the balcony, creating an indoor-outdoor oasis. The kitchen comes complete with integrated appliances at no extra cost.
Upstairs, the spacious bedroom features a fitted wardrobe. The added convenience of off-street parking with EV charging points enhances the allure of this home, making it the ultimate home for you.
Living at Riverside Square
Riverside Square is a collection of 1,2 & 3 bedroom apartments and 3 bedroom houses, exclusively available with shared ownership. The homes are a short walk away from The Riverside, a £115 million mixed-use development at the centre of a new leisure quarter in the historic City of Canterbury.
The development has a new public square at its heart and overlooks the River Stour that runs through the city centre. This leisure-led destination is anchored by a 5 screen, iconic Curzon cinema. Restaurants and bars wrap around the new public square, with demised external seating and sufficient areas to host pop-up events to animate and enliven the public realm.
What is shared ownership?
Perfect for first time and repeat buyers alike, shared ownership is a government backed scheme which allows you to purchase a home which may be out of your price range by allowing you buy to a share of a home and pay a subsidised rent on the remaining share.
You can buy a 25% - 75% share of your new home. You'll pay a mortgage on this and a subsidised rent to Hyde New Homes on the remaining share.
As time goes on and your income rises, you'll have the option to 'staircase' - to increase the amount you own and eventually, you can own 100% of your home, and no longer pay rent. Eligibility criteria applies.
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 a short walk to The Riverside, a £115 million leisure quarter
- Allocated parking available
- Reach London St Pancras in 55 minutes from Canterbury West Station
- In close proximity to The Kings Mile district and Canterbury City Centre
- Spacious double bedroom with a fitted wardrobe
- Modern specification throughout
- Integrated appliances and quality flooring fitted at no additional cost
- Private balcony
- Landscaped communal gardens overlooking the River Stour
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan BrochureVideo Tour
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 25%, full price £225,000, £5,625 Min Deposit. Calculated using a representative rate of 4.59%
