1 bedroom apartment for sale
Jupp Court, School Lane, ME3 7BN
Share percentage 40%, full price £185,000, £7,400 Min Deposit.
Share percentage 40%, full price £185,000, £7,400 Min Deposit.
Monthly Cost: £793
Rent £342,
Service charge £77,
Mortgage £374*
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 1st floor, one-bedroom Maisonette in Rochester.
Description
Property description:
The property comprises a private entrance, kitchen and reception, kitchen with integrated appliances, one bedroom, family bathroom with shower over bath and hallway storage cupboard.
The property also benefits from access to a rear private garden and allocated parking.
Only applicants with a connection to Higham Parish will be considered for viewings.
Please note the lease can staircase up to 80% only.
Lease: Commenced 2008 with 125-year term
Council Tax Band: Gravesham Council - C
Approx. Gross Internal Area: 596sq.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 = £185,000
Percentage Share = 40%
Share Price = £74,000
Monthly Rent = £342.41
Monthly Service Charge = £77.10
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. Please note that the Resales Team have not visited this property.
Key Features
LOCAL AREA INFORMATION
· Local shops, pubs and recreation area within walking distance.
· Located in a quiet Dickensian Kent village and countryside location, 2 minutes from Higham train station with excellent transport links to London and Kent and close to the A2 and M25.
· Only a 5 minute train journey to the historic riverside towns of Rochester and Gravesend.
· A 15 minute drive or train ride to the Bluewater shopping/leisure complex.
· In the catchment area of 3 excellent primary schools.
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: C
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 40%, full price £185,000, £7,400 Min Deposit. Calculated using a representative rate of 4.59%
