Pegasus Way, Gillingham, Kent, ME7

Positioned on the fourth floor of the popular Ensign House development, this impressive two-bedroom apartment offers modern living in a sought-after waterside setting. Offering 761 square feet of accommodation and available on a 25% Shared Ownership basis, this is an excellent opportunity for first-time buyers looking to step onto the property ladder.

Internally, the property features a bright and spacious open-plan living area designed to maximise both comfort and functionality. Large windows fill the space with natural light, creating an inviting environment ideal for both relaxing and entertaining. The contemporary kitchen is fitted with modern units, integrated appliances, generous worktop space, and flows seamlessly into the dining and living area.

Both bedrooms are well-proportioned and offer flexible accommodation suitable for couples, guests, a home office, or growing families. The principal bedroom benefits from built-in storage, while the second bedroom offers versatility to suit individual lifestyle needs. The modern bathroom is finished to a contemporary standard with stylish fittings and practical storage.

A standout feature of the apartment is the private balcony, providing the perfect place to enjoy outdoor seating and take in the surrounding views. Residents also benefit from access to a well-equipped on-site gym, communal outdoor areas, and parking provisions.

Conveniently located approximately 0.9 miles from Gillingham Train Station and close to a range of local shops, restaurants, and everyday amenities, this property combines modern convenience with excellent lifestyle appeal. An ideal first-time purchase and viewing is highly recommended to fully appreciate everything this home has to offer.

Key Terms
Time remaining on lease: Approx. 118 years.

Shared Ownership Criteria

Property Value - £260,000
Percentage Share - 25%
Share Price - £65,000
Monthly rent payable - £584.64
Ground Rent - £16 Per month.
Service Charge - £300 per month. This includes buildings insurance, upkeep of the communal areas and water rates.

The salary required is based on a 10% mortgage deposit. If the purchaser/s have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

Any prospective purchaser must be registered and approved for the shared ownership scheme. Contact us for further information.

All details to be verified by the purchaser’s solicitor.

Discover the allure of Rainham and Gillingham, nestled in the heart of the Medway Towns. These neighbouring communities offer a unique blend of tranquillity and convenience, with picturesque landscapes and excellent transport links, including direct train services to London city centre. Residents benefit from a variety of shopping destinations such as Hempstead Valley Shopping Centre and Gillingham Business Retail Park, along with a plethora of local pubs and restaurants to enjoy. Both towns boast well-respected schools, including Rainham Mark Grammar, ensuring quality education for families.
Moreover, Rainham and Gillingham provide ample open space and recreational facilities, including Capstone Country Park, Berengrave Nature Reserve, Riverside Country Park, the Planet Ice Skating Rink, the Ski & Snowboard Centre, and Great Lines Heritage Park. This abundance of amenities caters to diverse interests and lifestyles, making these towns not just places to live, but communities to thrive in.