2 bedroom apartment for sale
Toad Hall Crescent, ME3 8PA
Share percentage 60%, full price £205,000, £12,300 Min Deposit.
Share percentage 60%, full price £205,000, £12,300 Min Deposit.
Monthly Cost: £983
Rent £196,
Service charge £166,
Mortgage £621*
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 ground floor, two-bedroom apartment in Chattenden
Description
The property comprises a communal entrance with entry system, open plan kitchen and reception, kitchen with standalone appliances, two bedrooms, master bedroom with ensuite, family bathroom with shower over bath and hallway storage.
The property also benefits from access to a communal courtyard with shed storage, and off-street parking with visitor space.
Lease: Commenced 2010 with 125-year term
Council Tax Band: Medway Council - B
Approx. Gross Internal Area: 620sq.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 = £205,000
Percentage Share = 60%
Share Price = £123,000
Monthly Rent = £195.56
Monthly Service Charge = £166.03
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
- Chattenden provides convenient local amenities for everyday needs. The village has a local convenience store within walking distance for essentials, while the nearby towns of Hoo and Strood offer a more extensive range of supermarkets, including Tesco and Morrisons, as well as a variety of shops, cafes, and restaurants. Medway and Rochester are a short drive away, providing further options for retail and leisure. Residents also have access to community facilities like local pubs and parks, making Chattenden a comfortable place to live for families and individuals alike.
- Situated close to the A289, offering direct access to the M2 motorway, providing easy routes to Rochester, Maidstone, and London. Strood Railway Station is about a 10-minute drive away and offers fast services to London St Pancras and London Victoria, making it a convenient option for commuters. Local bus services link Chattenden to surrounding villages, as well as to Strood, Hoo, and the wider Medway Towns.
- Chattenden is home to Chattenden Primary School, which is highly regarded by local families for its friendly and supportive environment. For secondary education, nearby options include the Hundred of Hoo Academy, a comprehensive school offering a broad curriculum and strong academic results. There are also several other well-regarded schools in the Medway area, including Strood Academy and Rochester Grammar School, both offering strong academic programs for secondary education.
Particulars
Tenure: Leasehold
Lease Length: 111 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 60%, full price £205,000, £12,300 Min Deposit. Calculated using a representative rate of 4.59%
