Property photos
Leasehold
£105,000
2 bed flat for sale
Pictor Drive, Westwood, Margate CT92 beds
1 bath
1 reception
EPC rating: B
Local area information
Property location
Nearby amenities
- St Gregory's Catholic Primary School, Margate 0.4 miles
- Salmestone Primary School 0.5 miles
- Margate 1.1 miles
- Westgate-on-Sea 2.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
- Guideline Minimum Deposit £10,500
- Guide Min Deposit Dual £28.1k Single £34.3k
- Top Floor with Balcony
- Approx. 689 Sqft Gross Internal Area
- High Performance Glazing
- Semi-Open-Plan Kitchen/Reception Room
- Parking Space + Communal Cycle Store
- Very Long Lease
Shared ownership (Advertised price represents 50% share. Full market value £210,000). An attractively-presented flat on the top (second) floor of a recently-constructed building in the village of Westwood, which is about half way between Margate and Ramsgate. The property has a twenty-two-foot reception room with doors that lead out onto a south-east-facing balcony. The semi-open-plan kitchen features pale grey units and integrated appliances. The two bedrooms are both comfortable doubles, the bathroom simple yet stylish and a pair of storage/utility cupboards have been provided in the entrance hallway. Well insulated walls and roof, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. The flat comes with use of a parking space and the aforementioned coastal towns can also be reached via bus or bike.
Interested parties are required to complete the shared ownership common application form [ ]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Heylo. Heylo Housing requires that all applicants must have a permanent right to reside in the UK.
Tenure: Leasehold (999 years less 6 days from 01/01/2021).
Minimum Share: 50% (£105,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £293.46 per month (subject to annual review).
Service Charge: £114.64 per month (subject to annual review).
Guideline Minimum Income: Dual - £28,100 Single - £34,300 (based on minimum share and 10% deposit).
Council Tax: Band B, Thanet District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Second Floor
Entrance Hallway
Reception Room
22' 0" x 11' 1" (6.71m x 3.38m)
Kitchen
9' 0" max. X 7' 0" (2.74m x 2.13m)
Balcony
13' 0" x 5' 3" (3.96m x 1.60m)
Bedroom 1
12' 1" max. X 11' 7" max. (3.68m x 3.53m)
Bedroom 2
11' 2" x 7' 11" (3.40m x 2.41m)
Bathroom
Interested parties are required to complete the shared ownership common application form [ ]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Heylo. Heylo Housing requires that all applicants must have a permanent right to reside in the UK.
Tenure: Leasehold (999 years less 6 days from 01/01/2021).
Minimum Share: 50% (£105,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £293.46 per month (subject to annual review).
Service Charge: £114.64 per month (subject to annual review).
Guideline Minimum Income: Dual - £28,100 Single - £34,300 (based on minimum share and 10% deposit).
Council Tax: Band B, Thanet District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Second Floor
Entrance Hallway
Reception Room
22' 0" x 11' 1" (6.71m x 3.38m)
Kitchen
9' 0" max. X 7' 0" (2.74m x 2.13m)
Balcony
13' 0" x 5' 3" (3.96m x 1.60m)
Bedroom 1
12' 1" max. X 11' 7" max. (3.68m x 3.53m)
Bedroom 2
11' 2" x 7' 11" (3.40m x 2.41m)
Bathroom
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
Floor plans and tours
Floor plans (1)
Tours
No virtual tour available
More information
Unlock more data
Listed by
Urban Moves
View agent propertiesProperty descriptions and related information displayed on this page are marketing materials provided by - Urban Moves. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Urban Moves for full details and further information.