2 bedroom apartment for sale
South Shore, Ocean Drive, ME7 1FY
Share percentage 45%, full price £220,000, £9,900 Min Deposit.
Share percentage 45%, full price £220,000, £9,900 Min Deposit.
Monthly Cost: £990
Rent £277,
Service charge £213,
Mortgage £500*
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 first floor, two-bedroom apartment in Gillingham.
Description
The property comprises a wheelchair accessible communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated and standalone appliances, Juliette balcony, two bedrooms, family bathroom with shower over bath, electric storage heating throughout and hallway storage.
The property also benefits from access to a communal garden and allocated, off-street parking.
CHAIN FREE
Lease: Commenced 2012 with 125-year term
Council Tax Band: Medway Council - D
Approx. Gross Internal Area: 700sq.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 = £220,000
Percentage Share = 45%
Share Price = £99,000
Monthly Rent = £277.11
*Monthly Service Charge = £213.21
*£54.21 paid to Hyde Housing and £159 paid to Jennings and Barrett. 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
- There are a good range of local shops, supermarkets, and eateries within easy reach including Lidl and Asda supermarkets. Nearby Gillingham town centre, offers a variety of retail outlets and services, providing everything from groceries to dining options. The Medway Park Leisure Centre, with sports and fitness facilities, is also a short distance away.
- Gillingham railway station is close by, offering regular services to London Victoria, London St Pancras, and Charing Cross, making it ideal for commuters. Local bus routes provide connections across Medway, including to nearby towns like Chatham and Rochester. The A2 and M2 are also easily accessible for those travelling by car.
- The area is well-served by schools, including primary and secondary options. Several schools are within a short drive or walking distance, making it convenient for families. Notable nearby options include Gillingham Primary School and The Howard School for secondary education.
Particulars
Tenure: Leasehold
Lease Length: 113 years
Council Tax Band: D
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 45%, full price £220,000, £9,900 Min Deposit. Calculated using a representative rate of 4.59%
