1 bedroom apartment for sale
5 Corys Road, ME1 1GU
Share percentage 30%, full price £230,000, £6,900 Min Deposit.
Share percentage 30%, full price £230,000, £6,900 Min Deposit.
Monthly Cost: £924
Rent £422,
Service charge £154,
Mortgage £348*
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 beautifully presented modern one-bedroom, second floor apartment located on the Rochester Riverside development with no forward chain!
Description
The property comprises a communal entrance hall with a door entry system, staircase and lift access to your designated floor. This apartment offers a private balcony with an open-plan kitchen and living/dining room, which comes complete with integrated kitchen appliances, a fitted wardrobe in the bedroom, and quality flooring. The bathroom is mostly tiled and fitted with a modern shower bath and a bathroom cabinet. The internal hallway offers access to all rooms and houses a storage cupboard as well as a utility cupboard.
The property also benefits from its own dedicated parking space.
Lease: Commenced 2021 with 999-year term
EPC energy rating: B (84)
Council Tax Band: Medway Council - C
Approx. Gross Internal Area: 544sq.ft. / 50.5M²
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 = £230,000
Percentage Share = 30%
Share Price = £69,000
Monthly Rent = £422.28
Monthly Service Charge = £153.73
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
- The location is in the heart of the town with easy access to the historic High Street, Rochester Castle and Rochester Cathedral.
- Rochester Riverside has a central plaza offering convenient on-site amenities, including a Co-Op supermarket, Costa Coffee shop, Travelodge hotel and a primary school all within the estate. Residents can enjoy the nearby riverside walk, which provides scenic views, outdoor leisure opportunities, outdoor gym equipment, and a children’s playground.
- In just a 2-minute walk, arrive at Rochester train station with excellent travel connections to London, the South Coast and beyond making it ideal for commuters.
Particulars
Tenure: Leasehold
Lease Length: 996 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £230,000, £6,900 Min Deposit. Calculated using a representative rate of 4.59%
