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%.

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South Shore, 2 bed homes


South Shore, Gillingham, Medway, ME7 1FY

Shared ownership

Starting prices

70% share from
£140,000
Full price
£200,000
Minimum deposit
£14,000
Monthly rent
£103
Monthly service charge
£37

Overview

Property Description

The property comprises of a bright secure communal entrance with phone entry system and lift access, open plan living and dining room area, modern fitted kitchen with inbuilt oven and hob, large double bedroom, second double bedroom, family bathroom with shower over bath, generous storage space and double glazing throughout. The property also benefits from access to a well-maintained communal bicycle storage area and an allocated off street parking space.

 

Length of Lease: Approx 118 Years

Council Tax Band: Medway Council Tax Band - B

Gross Internal Area: 64m2


Local area information

LOCAL AREA INFORMATION

• Situated in pleasant area in Gillingham next to the River Medway close to local shops and amenities. 

• Gillingham Town Centre is located 1.0 miles from

the apartment and offers a wide variety of shops,

restaurants, entertainment and other amenities.

• Gillingham Train Station is situated 1.0 miles from the property and offers direct services to; London Victoria, Ramsgate and high speed rail services to London St Pancras. 

• Within close proximity of local primary and secondary schools. 

• The M2 is easily accessible which provides a direct route to London. 


Housing Provider

Hyde New Homes
Shared ownership

Starting prices

70% share from
£140,000
Full price
£200,000
Minimum deposit
£14,000
Monthly rent
£103
Monthly service charge
£37