2 bedroom apartment for sale
In View Court, Mayfield Road, Hersham, KT12 5AJ
Share percentage 30%, full price £330,000, £9,900 Min Deposit.
Share percentage 30%, full price £330,000, £9,900 Min Deposit
Monthly Cost: £1,330
Rent £640,
Service charge £190,
Mortgage £500*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Eligibility Criteria for Shared Ownership
To qualify for a Shared Ownership home, there are a few key requirements you need to meet:
- Age: You must be at least 18 years old.
- Income: If you live outside of London, your total household income must be less than £80,000 per year. In London, the income cap is £90,000 per year.
- Property Ownership: You cannot currently own another home. Shared Ownership is mainly for first-time buyers, but if you do own a property (in the UK or abroad), you need to be in the process of selling it.
- Affordability: You should not be able to afford to buy a suitable home on the open market.
- Financial History: You must have a good credit history, with no outstanding debts or County Court Judgements (CCJs), and show that you can afford the payments and costs involved.
- Deposit & Costs: Typically, you’ll need a deposit of 5-10% of the share you're purchasing and access to around £4,000 to cover additional costs like legal fees and surveys, although this figure can vary.
Who Gets Priority for Shared Ownership?
Shared Ownership is available to anyone who meets the eligibility criteria, including first-time buyers, people looking to move up, downsize, or relocate. While there are no priority groups in areas where Shared Ownership homes are in short supply, military personnel and former members of the Armed Forces (discharged within the last two years) are given priority under government schemes.
In some cases, local authorities may require that applicants who live or work in the area be given preference, depending on local planning policies.
Affordability & Eligibility Check
Each applicant will need to complete an affordability and eligibility check with an
independent mortgage advisor. Once you submit an enquiry, we will send you a link to start this process.
Summary
2 Bedroom 2nd Floor Apartment Available on Shared Ownership In Hersham, Walton-On-Thames
Description
Set within a modern development in Walton-on-Thames, this bright and well-proportioned two-bedroom flat is perfect for first-time buyers looking to get onto the property ladder. Situated on the second floor of a purpose-built block, the property offers an open-plan kitchen/living space ideal for entertaining, two bathrooms including an en-suite to the main bedroom, and a private balcony for enjoying the warmer months.
The flat is close to both local amenities and transport links, with a mix of social and private housing in the area.
Offered on a 30% shared ownership basis, this is a fantastic opportunity to purchase a well-maintained home in a sought-after location at an affordable price. Full market value: £330,000.
Key Features
Key features:
* Available on a 30% shared ownership basis
* Two spacious bedrooms
* Two bathrooms, including en-suite to main bedroom
* Open-plan kitchen/living area – perfect for modern living
* Private balcony
* Allocated parking space (permit-controlled)
* Gas central heating and double glazing
* Approx. 64m² internal floor area
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: 64m2
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 30%, full price £330,000, £9,900 Min Deposit. Calculated using a representative rate of 4.59%
