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37 Meridian Close, Ramsgate, CT12 6AY

Shared ownership

Meridian Close, Ramsgate, CT12 6AY

Sale under offer
Shared ownership
Photo of 37 Meridian Close, Ramsgate, CT12 6AY
Live from space album cover

from

£65,000

with min. deposit

£6,500

50% Share from
£65,000
Full market price
£130,000
Minimum deposit
£6,500
Monthly rent
£149
Monthly service charge
£113.36

1 bedroom flat

This cosy flat is found on the third floor of a modern apartment block in the seaside town of Ramsgate. The property has a lovely open planned kitchen and living area. The kitchen has a modern finish and is a great size for a 1 bedroom flat. The bedroom is a large double with plenty of room for storage and large windows to let natural light in. The bathroom is a family size with a bath and shower. The property also benefits from having its own private parking space.

The flat is in a great location and is close by to many local amenities. Just a 3 minute walk away is a Tescos superstore, supply shop and a local restaurant. There is also a …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floor3rd floor
Tenureleasehold
Lease years121

from

£65,000

with min. deposit

£6,500

50% Share from
£65,000
Full market price
£130,000
Minimum deposit
£6,500
Monthly rent
£149
Monthly service charge
£113.36
Complete Moves

Complete Moves

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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