2 bedroom flat for sale

Shared Ownership

This superb modern home is available to buy from as little as £162,500 with a 50% share!

Set within walking distance of Walton-on-Thames train station and Walton High Street, second floor modern apartment offers spacious accommodation and comes with the benefit of an allocated parking space. Featuring a dual aspect, open plan lounge/kitchen/diner, two double bedrooms and a bathroom.

Walton High Street is about a mile away and offers a great selection of local shops and restaurants and at the end of the High Street is the Heart shopping centre with an extensive choice of stores, eateries and 24 hour gym. The town also has a leisure centre, theatre, cinema and health and tennis clubs and there are lovely walks along the tow path by the river Thames.

The train station is around ¼ mile from the apartment and offers 96 trains every weekday to London Waterloo with the average time being 31 minutes. Terminal 5 at Heathrow is about 9.5 miles away and Buckingham Palace is about 17 miles by car.

PRICING & AFFORDABILITY

Approximate Size: 657 sq ft

Full Market Value: £325,000

50% Share Price: £162,500 (rent £506.98 pcm)
Minimum 5% Mortgage Deposit (50% share): £8,125
Approximate Service Charges: £164.99 pcm*
Shared Ownership Lease: approx. 91 years
Council Tax Band: D

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change.

* This home can also be purchased outright (100% of the value) which is £325,000 and a purchaser would not need to meet the eligibility criteria listed above.