2 bedroom apartment for sale
Cornelius Point, Wise Avenue, ME13 7UQ
Share percentage 50%, full price £200,000, £5,000 Min Deposit.
Share percentage 50%, full price £200,000, £5,000 Min Deposit
Monthly Cost: £955
Rent £279,
Service charge £119,
Mortgage £557*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
Modern Two Bedroom Flat
Description
West Kent are newly marketing a modern two bedroom apartment available in Faversham through our shared ownership scheme. This two bedroom ground floor home was constructed around 2023. The accommodation is made up of: hallway, open plan laminated kitchen alongside carpeted living room, two bedrooms and a bathroom with shower over bath. The property also benefits from a parking space, and a communal garden.
EPC Rating of B.
The share of the property is available at 50%, but you are welcome to staircase and purchase a higher percentage of the property if this is affordable for you (additional legal fees may be added). The terms of the lease for this property are 990 years commencing 2022. Please see the key documents about this home attached with important information for your attention.
The home will be allocated and viewings arranged based on those first to submit an application form and provide financial confirmation from a financial advisor. After submitting your application form, please contact our sales team at sales@wkha.org.uk for our Stage 1 assessment.
If you are eligible, a member of the sales team will contact you within 5 working days to progress your application.
**Application form**
https://www.westkent.org/find-a-home/buy-a-home/shared-ownership-application-form/
Quote "Cornelius Point" in the property/development box at the top.
Key Features
- 2 Bedrooms
- Communal Garden
- Allocated Parking
Particulars
Tenure: Leasehold
Lease Length: 987 years
Council Tax Band: C
Property Downloads
Key Information Document BrochureMap
Material Information
Total rooms: 4
Room Details:
Open plan kitchen/living area
Bedroom 1
Bedroom 2
Bathroom
Furnished: Part-furnished
Washing Machine: Yes
Dishwasher: Yes
Fridge/Freezer: Yes
Parking: Yes - Allocated
Outside Space/Garden: Yes - Communal Garden
Year property was built: 2023
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Listed property: No
Heating: Gas
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
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 50%, full price £200,000, £5,000 Min Deposit. Calculated using a representative rate of 5.03%
