Lakeside Drive, Gillingham

SUMMARY
BE QUICK!! This stunning home is offered to the market on a shared ownership basis available from a 45% share. SHARED OWNERSHIP!


DESCRIPTION
The rare opportunity to be able to purchase plot 9 which is a 3 bedroom brand new shared ownership home, with allocated parking. Situated on a sought after development.

Address - 194 Lakeside Drive, Gillingham, SP8 4YW
Open market - £290,000
45% share- £130,500
Rent - £365.52
Service charge - £27.53
Total - £393.05

Local connection - To be eligible, you must have a live, work, or family connection to Dorset and be approved by Dorset Council

Location 
Gillingham Lakes is just minutes away from the historic town of Gillingham, where you’ll find charming streets and a warm community feel. A scenic public footpath crosses the River Lodden, making it easy to walk to St Mary’s Primary School and explore the beautiful surrounding countryside.Set amongst rolling hills and wildflower meadows, Gillingham Lakes offers plenty of open space to relax and unwind. It’s a highly desirable spot, with great transport links nearby—including the A303, A30, and local train services—making it simple to reach London, Shaftesbury, Salisbury, and the coast.

About Magna 
Magna Housing is a medium-sized, independent housing company which works with local communities to help people solve their housing problems and make their housing dreams come true, overwhelmingly in the counties of Dorset and Somerset.

What Is Shared Ownership? 
You buy an initial share in your new homes - usually between 25% and 75% - and you pay a discounted rent on the remaining share. The share you buy will be the most you can afford based on a financial assessment. Then, if your financial circumstances change, you can buy further shares as and when it is appropriate to you, and in most cases you can own your home outright.

It does not mean that you have to share your home with anyone! Not just for first time buyers!

Eligibility 
You are not eligible to apply if you:
-Already own a home, or
-Are selling your current home but it is not yet under offer (sold subject to contract).

Basic shared ownership criteria:
-You cannot afford to buy a similar home on the open market.
-You do not have any County Court Judgements (CCJs) against you.
-Your household income does not exceed £80,000.
-You can afford the mortgage and deposit for the share you wish to purchase, or you have enough equity to buy the share.
-You do not own another property (if you do, it must be sold before completing on the shared ownership home).

Please Note 
We will endeavour to use the photographs and virtual tours of the actual property but may also show pictures/videos of the showhome, other plots on the development and/or computer generated images. Floorplan images may be handed. Reservation fee applies.

Local connection - To be eligible, you must have a live, work, or family connection to Dorset and be approved by Dorset Council


Lease details are currently being compiled. For 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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.