This superb modern home is available to buy from as little as £136,000 with a 40% share!

Offered to the market with no onward chain complications and situated within idyllic Hersham Village is this two bedroom top floor apartment. This home is immaculately presented throughout and the accommodation comprises a bright living/dining area which is open plan with a fitted kitchen including a pyrolytic oven, two double bedrooms and a bathroom. The apartment benefits from ample storage, secure entry phone system and an allocated parking space.

Hersham Village benefits from various amenities including a Post Office, Pharmacy, Bakery and Hersham Green shopping Centre as well as open green space and a play area. Walton-on-Thames train station is within walking distance of the property with a journey time of approximately 25 minutes in to London Waterloo.

PRICING & AFFORDABILITY

Full Market Value: £340,000

40% Share Price: £136,000 (rent £510.06pcm)
Minimum 5% Mortgage Deposit (40% share): £6,800
Approximate Service Charges: £161.25pcm*
Shared Ownership Lease: approx. 88 years
Council Tax Band: C

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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £340,000 and a purchaser would not need to meet the eligibility criteria listed above.