Shared Ownership in Walton-on-Thames, Surrey. 2 bedroom Flat.

  • £390,000

    Equity share: 35% / £136,500

Bridge House
For Sale Shared Ownership

Shared Ownership in Walton-on-Thames, Surrey. 2 bedroom Flat.

Bridge House
  • £390,000

    Equity share: 35% / £136,500

Property Overview

  • Flat
  • Property Type
  • 2
  • Bedrooms
  • 2
  • Bathrooms

Property Description

Shared Ownership

This superb modern home is available to buy from as little as £136,500 with a 35% share!

Located within easy reach of Walton, Hersham, Weybridge and Shepperton train stations, this ground floor home was built by the highly-regarded Shanly Homes in 2018 and is finished to an excellent specification.

The accommodation comprises entrance hall with storage cupboards, an open plan lounge/kitchen/diner, two bedrooms (en suite shower to bedroom one) and a bathroom. Externally is an allocated residents parking space within a gated area.

Walton-on-Thames town centre is less than ½ mile away and boasts an array of excellent brand shops and boutiques as well as a local cinema and fine dining. For commuters Walton mainline station is within 2 miles providing a direct service into London Waterloo. The A3 is within 5 miles for vehicular access to London, the South and both Gatwick and Heathrow airports.

PRICING & AFFORDABILITY

Full Market Value: £390,000

35% Share Price: £136,500 (rent £741.49pcm)
Minimum 5% Mortgage Deposit (35% share): £6,825
Approximate Service Charges: £162.12 pcm*
Shared Ownership Lease: approx. 119 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 £90,000.
• 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 £390,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property Address

Open on Google Maps
  • Address Bridge House
  • City Walton-on-Thames
  • County Surrey
  • Postal Code KT12 1AL

Details

Updated on July 1, 2024 at 10:14 am
  • Property ID: MS-127822
  • Rental Amount Per Month: £741/Month
  • Bedrooms: 2
  • Bathrooms: 2
  • Property Type: Flat
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 162.12
  • Value Of The Equity Share: 35% / £136,500
  • Overall Property Value: £390,000
  • Tenure: Leasehold
  • Council Tax Band: D
  • Length of Lease: 119

Contact SOWN about: Shared Ownership in Walton-on-Thames, Surrey. 2 bedroom Flat.

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