£96,000
2 bed flat for salePegasus Way, Gillingham ME7
2 beds
2 baths
1 reception
EPC Rating: B
- Shared ownership
- Leasehold
Connells - Rainham
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About this property
Open Plan Kitchen/Living Room
One Parking Permit
40% Share Price: £96,000 (rent £456.33pcm)
Minimum 5% Mortgage Deposit (40% share): £4800
Approximate Service Charges: £299 pcm*
Annual Ground rent: £220
Summary
The property boasts an impressive two bedrooms. The main bedroom features an en-suite, offering a private sanctuary for relaxation. The second bedroom is a double, bathing in natural light and exuding a sense of spaciousness.
Description
This flat is in great condition, ready to welcome its new owners. Its unique features, coupled with its ideal location, make it a perfect choice for those seeking a peaceful yet convenient lifestyle. The property is a testament to quality living and is sure to impress with its blend of comfort and modern design. Situated on the 2nd floor and comprising of 2 double bedrooms, 2 bathrooms (including main ensuite shower room), utility cupboard, fully fitted open plan kitchen and large private balcony. The property is complete with parking, resident's gymnasium, resident's wifi lounge.
Pricing & affordability
Full Market Value: £240,000
40% Share Price: £96,000 (rent £456.33pcm)
Minimum 5% Mortgage Deposit (40% share): £4800
Approximate Service Charges: £299 pcm*
Annual Ground rent: £220
To be eligible for shared ownership you would need to meet the following criteria:
O Your household income does not exceed £80,000
o You have a deposit of at least 5% of the share value
o You do not own another property or have your name on the deeds or a mortgage for a property worldwide
o This will be your only residence
o 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.
Entrance Hall
Kitchen/Living Room 12' 5" x 22' 1" ( 3.78m x 6.73m )
Bedroom One 9' 1" x 15' 2" ( 2.77m x 4.62m )
Ensuite
Bedroom Two 9' 7" x 10' 9" ( 2.92m x 3.28m )
Bathroom
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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More information
Tenure
Leasehold (125 years)
Service charge
£3,500 per year
Council tax band
D
Ground rent
£220
Ground rent date of next review
Shared ownership percentage owned
40%
Shared ownership rent
£456 per month