Otterham Park

Otterham Park is just a short distance away from a range of amenities, including a supermarket, leisure centre and a trampoline park. A wider choice of shops can be found in nearby Gillingham and Hempstead Valley. If you want to enjoy open spaces, you’re within easy reach of Berengrave Nature Reserve and its charming woodlands. 

For commuters, the M2 is around 10 minutes’ drive away for journeys to Canterbury, Margate and outer London. Rainham station is less than 1 mile away from home. 

Hempstead Valley shopping centre is a short ten minute drive with a wide variety of well known stores such as Marks and Spencer's, Sainsbury’s and TK Max. Rainham town centre is around half a mile away with a wide range of shops including Tesco and Lloyds pharmacy as well as coffee shops and fine eating places.

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.

At Otterham Park you can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.