A Brand New Development of Bespoke Contemporary Homes


Elliott’s Close is a Brand New Development of Bespoke Contemporary homes set in a quiet-de-sac of the seaside town of Margate. These homes are just over a mile from Margate Train Station, making the location suitable for any commuters. Not only does Margate Train Station have a fast service into London St Pancras but also stops at Ashford. This is where you will able to access the Eurostar services’ to Paris and beyond.

 

Margate has been one of the UK’s leading seaside resorts for hundreds of years and offers all the benefits that brings. Elliotts Close itself is close to the ever-popular Margate Sands - what could be more convenient for a family with young children to entertain!

Oh, I do like to be beside the seaside...

A short drive away, there’s plenty of the great outdoors to enjoy at Stodmarsh National Nature Reserve, where you can explore the wetlands, reed beds and woodlands, whilst at Wingham Wildlife Park near Canterbury, you can meet the monkeys, wolves, reptiles, big cats and more. 

Some of the UK’s very best sandy beaches can be enjoyed in nearby Broadstairs as well as at The Bay, the wide sandy beach that’s one of several in Margate – with more than fifteen more scattered across the wider area, so you’ll never have a problem getting your daily dose of Vitamin Sea!

A life on the ocean wave...

Nestling on the southeastern tip of Kent, Margate enjoys an oceanic climate, with often milder temperatures complemented by a relatively large amount of sunshine and quite low rainfall, so the kids can spend even more time playing amongst the palm trees on the beach, while you relax with a sundowner. Local amenities...

Even though Margate is closer to France than it is to its own county town of Maidstone, regular trains from Margate Station will whisk you directly to London St Pancras International or London Victoria station in under two hours.

And for families with young children, Elliotts Close offers a number of well-regarded primary schools. One of these is virtually on your doorstep – Cliftonville Primary and Pre-School, awarded an Ofsted rating of Outstanding in November 2016.

Shopping

There are plenty of retail opportunities in Margate and beyond, whether you simply want to shop for weekly groceries, or indulge in the biggest high street fashion brands. There’s the convenience of a large supermarket in Margate.

On the last Sunday of every month, you can also browse the stalls of the nearby Cliftonville Farmers' Market, where you
can sample high-quality local produce and home-cooked delicacies. Set up around the historic Oval bandstand close to the sea, you’ll find seasonal fruit and vegetables, artisan breads, cheeses, meat, fresh fish and plenty more besides.

Margate town centre itself is renowned for its vintage stores and quaint boutiques, and less than three miles away, Westwood Cross Shopping Centre offers a variety of well-known shops and eateries, as well as a 10-screen cinema. It’s easy to get there by car or on the Thanet Loop bus service.

Alternatively, for an even bigger shopping experience, you can reach the 300 high street and designer stores at Bluewater in about an hour by car, or an hour and a half by rail. For more traditional seaside entertainment, you can take your chances at Strokes Adventure Golf, the mini golf course overlooking Westbrook Bay. The more adventurous types can surf or jet ski along the coast, while further inland is the Revolution Skate Park and Climbing Centre.

Close by are the thrills and rides of Dreamland Amusement Park (which famously featured in an episode of ‘Only Fools & Horses’), which also hosts events from concerts to outdoor cinema screenings. As well as its obvious lifestyle advantages, Elliotts Close allows residents to indulge in a wealth of culture, right on
their doorstep. Less than a mile away, the outstanding Turner Contemporary, the world-class modern gallery standing where the artist himself once lived, showcases renowned collections.

Theatre-goers are spoiled for choice too, with the Theatre Royal in Addington Street – the second oldest theatre in the country – and the Tom Thumb Theatre, the second smallest. In addition, the Winter Gardens stages entertainment from music shows to stand-up comedy and music-lovers can swing along to the Margate Jazz Festival which takes place every June. The only problem is knowing how to fit it all in.

House Types





Specifications

Kitchens
  • Wren Milano Ultra Kitchens
  • High Grade Quartz worktops
  • 25 year structural warranty on kitchen units
  • Neff Built in double oven
  • Neff Gas 5 Burner Hob with Flame Select
  • Neff Island Cooker Hood
  • Zanussi Integrated fridge freezer
  • Zanussi Integrated dishwasher
Bathrooms
  • High quality bathroom suite (Duravit/Grohe)
  • Chrome towel warmers in all batrooms
  • Underfloor to entire ground floor LED downlights
Flooring & Internal Finishes
  • Tiling to floors and walls in bathroom
  • Herringbone design flooring throughout kitchen and ground floor
  • Windows and doors
  • Carpets thought 1st and second floors and stairs
  • Staircases with glass balustrades
  • Security, Heating & Lighting
  • Gas fired underfloor heating system to all homes
  • 7 Year Boiler Warranty
  • 20 year underfloor heating warranty
  • Digital thermostatic controls
  • Mains operated smoke detectors with battery back up
  • Multi point locking windows and doors
  • Fully fitted alarm system with opionall monitoring and smart functionality
  • Optional CCTV system
  • Remote access opening for gates (private gated community)
  • Anthracite Grey Aluminium windows by Smarts
  • Anthracite Grey Aluminium main entrance door and side panel to all homes by Smarts
  • Anthracite Grey Aluminium Bi-Fold doors to garden by Smarts
  • External security and decorative lighting
  • 10 Year Structural Home Warranty
  • Upon completion, a ten year warranty certificate will be issued
  • Optional Extras
  • For purchasers that acquire early enough there are a range of colour choices for kitchens

Subject to build stage, ask your Sales consultant for more information

Pricing & Availabilty

Status Price / Plot Accommodation

Site Plan

Map View
Street View
Schools
Local Info
None
All
Dentist
Doctor
Hospital
Train
Bus
Cemetery
Cinema
Gym
Bar
Restaurant
Supermarket

Help to Buy is available on select properties within this development. Please ask for details.

Help To Buy


Help to Buy is a government scheme which can help you to buy a property with just a 5% deposit with a Help to Buy: Equity Loan, subject to eligibility, terms and conditions 


The Government has announced a new Help to Buy scheme to run from April 2021. It is restricted to first-time buyers and will include regional price caps to ensure the scheme reaches people who need it most. There are no changes to the current Help to Buy equity loan scheme which runs to March 2021.

The new scheme will run from April 2021 to March 2023. As with the current scheme, under the new plans, the Government will lend buyers up to 20% of the cost of a newly built home, and up to 40% in London.


Read more about this on https://www.helptobuy.gov.uk/

Help to Buy is a government scheme which can help first time home buyers get a property with just a 5% deposit. Use this guide to learn how Help to Buy schemes work, how to qualify and the different options available.


How does Help to Buy work?

Help to Buy: Equity loans

Where to go for more information


How does Help to Buy work?

Coronavirus

The coronavirus outbreak has affected the completion dates for Help to Buy homes. You can find out more on Gov.uk.


The Help to Buy scheme offers an equity loan where the government lends first-time buyers and existing homeowners money to buy a newly-built home.

The purchase price must be no more than £600,000. Under this scheme, you can borrow 20% of the purchase price interest-free for the first five years as long as you have at least a 5% deposit. If you live in London, you can borrow up to 40% of the purchase price.

Use our Mortgage Calculator, to work out how much you’d pay back each month.

The Government has confirmed it will extend its Help to Buy equity loan scheme from 2021 to 2023. However, this extension will be restricted to first-time buyers purchasing newly built homes.

From 2021, there will also be new regional price caps which could reduce the maximum value of homes that can be bought through the Equity Loan Scheme.



Who can’t apply for the scheme?

- You can’t use the above schemes to buy a second home or a property to rent out.

- If you use Help to Buy, you can only take out a repayment mortgage.

- You can’t buy a property for more than the set price limits (see below).

The Help to Buy scheme is available in England only. 


Help to Buy: Equity loans

How they work

You need at least 5% of the sale price of your new-build flat or house as a deposit 

The government lends you up to 20%, or 40% if you live in London, of the sale price.

You borrow the rest (up to 75%, or 55% if you live in London) from a mortgage lender, on a repayment basis.

The equity loan must be repaid after 25 years, or earlier if you sell your home.

You must repay the same percentage of the proceeds of the sale as the initial equity loan (i.e. if you received an equity loan for 20% of the purchase price of your home, you must repay 20% of the proceeds of the future sale).

Example

Cost of home - £200,000

Cost name Percentage of total £ value

Your deposit 5% £10,000

Equity loan 20% £40,000

Mortgage 75% £150,000

TOTAL £200,000

The interest rate you will be charged

You don’t pay any interest or fees on the government’s equity loan for the first five years. In the sixth year, you’ll be charged 1.75%.

After then, the fee rises by inflation based on the Retail Prices Index (RPI) plus 1% each year.

RPI figures are put together by the Office for National Statistics.

See below for an example of how the fees work.

Interest rates for paying back your loan

Years 1-5: no fees

Year 6: 1.75% of the loan

Year 7 onwards: 1.75% + RPI + 1%

These fees do not go towards paying off the government loan.

When you sell your home, or the mortgage is paid off, you have to repay the equity loan plus a share of any increase in the value. It works like this:




Example

Home bought for £200,000, sold for £250,000

Increase in value 25%

Equity loan repayment £50,000 (£40,000 + 25% profit)

Mortgage £150,000 (less capital repayments)

Your share at least £50,000

The remaining £50,000 (or more) can be used as a deposit on your next home.

The exact amount depends on how much you’ve paid off your mortgage.

You can also pay back part or all of your loan at any time.

The minimum percentage you can pay back is 10% of the market value of your home.

The amount you pay will depend on the market value at the time.


Where to go for more information

Please click here to visit the government find a help to buy agent

Speak to our Financial Adviser for further assistance.


Help to Buy is available subject to eligibility, terms and conditions.


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