1/22
£164,250
This bright, modern three-bedroom end-of-terrace house is now available in Margate through Shared Ownership.
The property comprises a spacious living room on the ground floor, a modern separate kitchen with dining area, and a WC. On the first floor, there are three bedrooms and a bathroom.
Outside, there is a private rear garden and off-road parking for two cars. Perfect for families.
Available for £164,250 for 45% share based on the marketing figure of £365,000.
Monthly rent - £468.27
Monthly Service Charge - £46.44
Total Monthly Charge - £514.71 plus mortgage required for 45% share.
An annual rent increase takes place every April
LocationLiving in Margate offers a unique blend of coastal charm and suburban tranquillity.
Residents enjoy easy access to local amenities, including shops, schools, and recreational facilities, all within a short distance from the property.
Additionally, the proximity to the stunning Margate coastline provides opportunities for leisure activities such as beach outings and seaside walks, enhancing the overall quality of life in this picturesque location.
Margate Station and Broadstairs Station are only a 10-minute drive from the property, which is perfect for commuters and those travelling to various cities and towns.
Lease informationYears remaining on lease: 124
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationHow we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by SO Resi and MTVH
You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
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