Searchlight Heights (3131222)
Searchlight Heights, Rochester, ME3 8NF
with min. deposit
2 bedroom flat
The property comprises a private entrance (wheelchair accessible), reception, fitted kitchen with integrated oven, hob and cooker hood, two bedrooms, master bedroom with ensuite, family bathroom with shower over bath and hallway storage cupboard.
The property also benefits from access to a communal garden and allocated parking.
Lease: Commenced 2007 with 125-year term
Council Tax Band: Medway Council - B
Gross Internal Area: 645sq.ft.
Property Value = £205,000
Percentage Share = 45%
Share Price = £92,250
*Monthly Rent = £265.50 from 1st April
*Monthly Service Charge = £123.97 from 1st April
**Monthly Mortgage Payment = £561
Off street parking
|Number of floors||1|
|Entrance floor||Ground floor|
with min. deposit
Hyde New Homes
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