Summary - Furrows Drive,
Lower Herne,
CT67FH CT6 7FH
1 bed 1 bath Apartment
Affordable new-build one-bedroom apartment with balcony and parking via Shared Ownership..
40% shared ownership share priced at £89,000 (example based on FMV £222,500)
990-year lease — long lease length reduces leasehold risk
Second-floor one-bedroom, 551 sqft — open-plan living with balcony
Integrated appliances, flooring package and energy-efficient heating included
One allocated off-street parking space
Monthly example costs: rent approx. £306 and service charge approx. £112
Shared ownership restrictions apply; eligibility and future staircasing considerations
New-build; low maintenance but subject to service charge and communal rules
This bright second-floor one-bedroom apartment at Greenwood Gardens is offered through Shared Ownership with a 40% share priced at £89,000. The new-build home is open-plan, thoughtfully finished and ready to move into, with integrated appliances, laminate flooring and energy-efficient central heating included. A private balcony and one allocated parking space add useful outdoor and storage options.
The purchase example shows a 40% share of a full market value of £222,500, with a minimum 5% deposit on the share, monthly rent on the unsold share (example £306) and a monthly service charge (example £112). The property sits on a long lease (990 years) and comes with typical leasehold obligations — prospective buyers must be eligible for Shared Ownership and should review the Key Information Document for scheme details.
For first-time buyers this is a sensible route onto the housing ladder: lower upfront cost, new-build specification and low-maintenance living in a suburban village location with good road and rail links. However, purchasers should budget for ongoing costs (rent on the retained share, service charge and any communal maintenance) and note that stair access to a second-floor apartment may be a consideration.
Overall this is a modern, low-upkeep starter home with potential to buy additional shares later. It suits a buyer seeking an affordable, contemporary one-bed close to coastal and commuter amenities, provided they accept the shared-ownership model’s ongoing charges and restrictions.
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