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Embassy Court (Ref 57100322)

Shared ownership

Welling High Street, Welling, DA16 1AB

For sale
Shared ownership
Photo of Embassy Court (Ref 57100322)
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from

£112,000

with min. deposit

£11,200

40% Share from
£112,000
Full market price
£280,000
Minimum deposit
£11,200
Monthly rent
£334
Monthly service charge
£225.13

2 bedroom flat

Embassy Court, Welling High Street, Welling, Kent, DA16 1AB

Available through our resale shared ownership scheme, a first floor, two-bedroom apartment situated in a popular residential area of Welling, Kent.

   

Property description:

This two-bedroom, first floor apartment comprises a communal entrance with entry system, lift access, fitted kitchen with integrated and stand-alone appliances, open-plan kitchen and reception, double bedroom and single bedroom, family bathroom with shower over bath and large storage cupboard in hallway.

 

The property also benefits access to well-maintained communal gardens and allocated parking

 

Length of Lease:

Features

Communal Garden

Lift access

Off street parking

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area64
Number of floors2
Entrance floorGround floor
Tenureleasehold

from

£112,000

with min. deposit

£11,200

40% Share from
£112,000
Full market price
£280,000
Minimum deposit
£11,200
Monthly rent
£334
Monthly service charge
£225.13
Hyde New Homes

Hyde New Homes

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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