4 bedroom house for sale
Spring Grove, Bapchild, ME10 4FR
Share percentage 30%, full price £495,000, £14,850 Min Deposit.
Share percentage 30%, full price £495,000, £14,850 Min Deposit.
Monthly Cost: £1,522
Rent £770,
Service charge £2,
Mortgage £750*
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 four-bedroom, three storey, detached house in Sittingbourne.
Description
The property ground floor comprises a fitted kitchen with integrated appliances, reception room, a W/C and under-stair storage. The first floor comprises hallway storage and two bedrooms, both with ensuite and built-in wardrobes. The second floor comprises two bedrooms and a family bathroom with shower over bath.
The property also benefits from access to a garage and driveway parking, and a private garden with side-gate access.
Lease: Commenced 2024 with 990-year term
Council Tax Band: Swale Council - E
Approx. Gross Internal Area: 1334sq.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 = £495,000
Percentage Share = 30%
Share Price = £148,500
Monthly Rent = £770
Monthly Service Charge = £1.50
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
- Nearby Sittingbourne provides a wide range of amenities, including supermarkets, The Forum Shopping Mall, a leisure centre, a theatre, and a cinema, ensuring access to shopping, entertainment, and recreational activities.
- Sittingbourne station, just 2.6km away, offers a travel time to London of approximately 1 hour and 17 minutes. Teynham station, equidistant, provides a travel time of 1 hour and 20 minutes. Road access is excellent, with proximity to the A2, M2, and M20, offering easy connections to the Kent countryside, the south coast, Gatwick Airport, and London.
- Families will appreciate the range of local schools, many of which are Ofsted-rated as good to excellent, providing high-quality education options for children of all ages.
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: E
Property Downloads
Key Information Document 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 30%, full price £495,000, £14,850 Min Deposit. Calculated using a representative rate of 4.59%
