Harrington Close, Herne Bay

Two Bedroom End of Terrace Home – Shared Ownership from 35%

Offered for sale on a 35% shared ownership basis (the advertised price reflects this share), this well-presented two bedroom end of terrace home is situated on the ever-popular Meadow View development, offering an excellent opportunity for first-time buyers looking to step onto the property ladder.

The accommodation is thoughtfully arranged and comprises an entrance hall, cloakroom/WC, a modern kitchen, and a spacious sitting/dining room with access to the rear garden. To the first floor, there are two generous double bedrooms and a family bathroom.

Externally, the property enjoys a secluded rear garden, perfect for relaxing or entertaining, along with the added benefit of allocated parking. Further features include gas central heating and double glazing.

Shared ownership purchasers may have the opportunity to purchase a larger share (subject to eligibility and scheme terms). Any prospective buyer will be required to complete an affordability assessment and submit an application to Town & Country Housing, which must be approved before a sale can proceed.

Key Facts Illustrations and all relevant shared ownership documentation are available upon request from Zest Homes prior to making an offer.

An ideal opportunity to acquire a modern home in a sought-after location with an affordable route into home ownership.

Share Ownership - Town & Country Living - The Key Information document is available to all potential purchasers upon request.

Shared Ownership @ 35% Share -

Affordability Assessment - Any prospective shared ownership buyers will need to complete and return the attached Application for Shared Ownership Form and undergo an affordability assessment.

Your Responsibilities As A Shared Owner Guide - A guide will be provided to all potential purchasers.

Key Information About Shared Ownership. - The information in this document is for the standard shared ownership model. There are variations of shared ownership that have different features. For more information on the variations, see the ‘Key information about the home’ document.
When you are looking for shared ownership homes, you should always check the key information document to see which model covers that specific home.
When you buy a home through shared ownership, you enter into a shared ownership lease. The lease is a legal agreement between you (the ‘leaseholder’) and the landlord. It sets out the rights and responsibilities of both parties.
Before committing to buy a shared ownership property, you should ensure you take independent legal and financial advice.
This key information document is to help you decide if shared ownership is right for you. You should read this document carefully so that you understand what you are buying, and then keep it safe for future reference.
It does not form part of the lease. You should carefully consider the information and the accompanying lease and discuss any issues with your legal adviser before signing the lease.

Purchase Value 35% - The share purchase price is calculated using the full market value and the percentage share purchased. 35% minimum share.
If you buy a 35% share, the share purchase price will be £90,475 and the rent will be £399.58 a month.
Property price at resale = £258,500
Share being purchased = 35%
Monthly rent = £399.58 per month

Service Charge Due Payable N Shared Ownership - Annual rent = £4,794.96 per year (£399.58 per month × 12)
Rent as a % of unsold equity = £4,794.96 ÷ £168,025 = 2.85%
In addition to the rent above, the monthly payment to the landlord
includes:
Rent £399.58
Service charge £98.07
Total monthly payment £497.65
Please note that rent & service charges are reviewed every year and they will be subject to an increase from 1st April 2027.
Service charges are estimated each year and any over or under spend will be confirmed to you and collected or returned as
necessary.

Sitting/Dining Room - 4.83m x 4.11m (15'10 x 13'6) -

Kitchen - 3.81m x 3.30m (12'6 x 10'10) -

Cloakroom/Wc -

Bedroom - 4.09m x 3.81m (13'5 x 12'6) -

Bedroom - 4.11m x 2.74m (13'6 x 9) -

Bathroom/Wc - 2.11m x 1.98m (6'11 x 6'6) -

Allocated Parking -

Council Tax Band C -

Tenure Leasehold Due To The Shared Ownership. -

Epc Rating C -