Ruskin House

2 bedroom homes in Folkestone, Hackney, CT19 5UX

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Bedrooms 2
Bathrooms 1
Parking 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

A spacious, modern and well presented two bedroom ground floor apartment located in the popular town of Folkestone.

This well presented ground floor two bedoom apartment is located in Kings Way, Folkestone.  The property is ideally situated within easy reach of local amenities including the Eurotunnel and Folkstone Central station.

An intercom entry-controlled communal entrance leads to the property, accommodation of which provides entrance hall, two bedrooms, bathroom/wc with the kitchen and lounge laid out in an open plan style which is perfect for entertaining family and friends.

The property benefits from one allocated parking space.

Local area information

Access to public transport, including buses and trains are close by as is the local sports centre offering a variety of activities including ski slopes, swimming pool, health and fitness suite, golf and squash courts.

The location of the property is convenient for the local supermaket, DIY stores and fast food outlets.  The main town centre of Folkestone, with its variety of shops and restaurants is easily accessible.

The M20 junction is within a few minutes drive together with Folkestone Central train station offering a fast link into London.

The harbour is only 1.3 miles away.

Status Plot No. Floor Beds Min share price Eligibility
Reserved 3 Ground 2 £61,250 View details

FAQ's

Prices are not available yet for Ruskin House but you can register your interest to be notified when prices become available.

Plot breakdowns are not available yet for Ruskin House but you can register your interest to be notified when prices become available.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Ruskin House

2 bedroom homes in Folkestone, Hackney, CT19 5UX

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Bedrooms 2
Bathrooms 1
Parking 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes