This superb modern home is available to buy from as little as £84,000 with a 30% share!
This well presented first floor apartment offers modern, comfortable living accommodation, featuring a spacious living/dining/kitchen area with access to a private balcony, two well proportioned bedrooms and a contemporary family bathroom. Further benefits include an allocated parking space.
Situated within the popular Ebbsfleet Garden City area, Mortimer Square enjoys a convenient location with access to a range of local amenities, including shops, supermarkets, schools and leisure facilities. Nearby Bluewater Shopping Centre offers an extensive selection of retail outlets, restaurants and entertainment options, while the surrounding area provides a variety of green spaces and opportunities for outdoor recreation.
For commuters, Ebbsfleet International railway station provides high-speed rail services into London St Pancras International, while nearby road connections include the A2 and M25, offering convenient access to London, Kent and the wider motorway network. The location combines excellent connectivity with the benefits of modern residential living.
PRICING & AFFORDABILITY
Full Market Value: £280,000
30% Share Price: £84,000 (rent £582.87pcm)
Minimum 5% Mortgage Deposit (30% share): £4,200
Approximate Service Charges: £245.19pcm*
Shared Ownership Lease: 116 years remaining
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £280,000 and a purchaser would not need to meet the eligibility criteria listed above.
