Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Galloway Drive 20.02.20, 2 bed homes


Galloway Drive, Ashford, Ashford, TN25 4QQ

Shared ownership

Starting prices

35% share from
£59,500
Full price
£170,000
Minimum deposit
£5,950
Monthly rent
£341
Monthly service charge
£109

Overview

Galloway Drive, Kennington, Ashford, Kent, TN25 4QQ

Available for resale shared ownership, a bright, spacious and well-presented second floor, two-bedroom apartment situated in a quiet residential area of Ashford, Kent.

Property description:

The property comprises of secure communal entrance, private entrance hall, two hallway storage cupboards, kitchen with inbuilt oven and hob, open plan living/dining room, built in wardrobe in the master bedroom, second bedroom, and a family bathroom with shower over the bath. The property also benefits from an allocated parking space.

Length of Lease: Approx. 110 Years

Council Tax Band: Ashford Council - band B

Gross Internal Area: 67 Square Metres

 

 

FINANCIAL INFORMATION

Property Value = £170,000

Percentage Share = 35%

Share Price = £59,500

Monthly Rent = £341.10 (£352.70 from 1st April 2020)

Monthly Service Charge = £104.06 (£109.38 from 1st April 2020)

Monthly Mortgage Payment** = £298

Household Income Required = £25,000

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%

Your home may be at risk if you do not keep up your mortgage and rent repayments.  Particulars give a fair 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, photographs and details (excluding financial information) are provided by the leaseholder.  Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing: 

Call 0345 606 1221 or email info@hydenewhomes.co.uk.  Please ensure you are registered and approved for shared ownership by completing our application at www.hydenewhomes.co.uk/apply. 

 


Local area information

• Situated in a quiet residential area of Kennington in Ashford

• Ashford Town Centre is easily accessible and offers a variety of shops, restaurants & amenities.

• 2.8 miles to Ashford International Train Station which offers links to London Victoria via Maidstone, Brighton & into mainland Europe/high speed rail to London St Pancras

• Easy access to the M20 providing a direct route to the motorway network

 


Housing Provider

Hyde New Homes
Shared ownership

Starting prices

35% share from
£59,500
Full price
£170,000
Minimum deposit
£5,950
Monthly rent
£341
Monthly service charge
£109