1 bedroom apartment for sale
Colwell House, Hepworth Way, KT12 1DP
Share percentage 40%, full price £275,000, £11,000 Min Deposit.
Share percentage 40%, full price £275,000, £11,000 Min Deposit
Monthly Cost: £1,132
Rent £460,
Service charge £117,
Mortgage £555*
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
One Bedroom Apartment Available On Shared Ownership in Walton-On-Thames
Description
Description:
Situated in the heart of Walton-On-Thames, this modern one-bedroom flat offers a perfect blend of comfort and convenience. Located on the fourth floor of a well-maintained purpose-built block, the property benefits from a spacious open-plan living and kitchen area, a bright double bedroom with built-in wardrobe, and a contemporary bathroom with a shower over the bath. A standout feature is the large private roof terrace, ideal for outdoor relaxation or entertaining.
Key Features:
- One double bedroom with built-in wardrobe
- Open-plan living area with modern kitchen
- Built-in oven, hob, and extractor fan
- Freestanding washing machine and fridge/freezer
- Spacious bathroom with shower over bath
- Generous private roof terrace
- Approximate internal area: 47 m²
- Double-glazed aluminium windows
- Electric central heating system
Additional Information:
- Council Tax Band: C
- Flooring: Tile in the kitchen and bathroom, carpet in the living room, bedroom, and hallway
- Secure video door entry system
Location:
Colwell House enjoys a prime location with a mix of residential and commercial surroundings. Walton-On-Thames town centre, local amenities, and excellent transport links are easily accessible. The property’s proximity to shops, restaurants, and leisure facilities makes it an ideal choice for first-time buyers or professionals.
Tenure:
Leasehold - 84 years remaining.
Shared Ownership Details:
40% share available for £110,000
Particulars
Tenure: Leasehold
Lease Length: 84 years
Council Tax Band: C
Property Downloads
Energy CertificateMap
Material Information
Total rooms: 4
Room Details:
Bedroom
Hallway
Living Room/Kitchen
Bathroom
Furnished: Unfurnished
Washing Machine: Yes
Dishwasher: No
Fridge/Freezer: Yes
Parking: Yes - Allocated
Outside Space/Garden: Yes - Terrace
Year property was built: 2010
Unit size: 47M2
Accessible measures: No
Flooded within the last 5 years: No
Listed property: No
Heating: Electric
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
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 40%, full price £275,000, £11,000 Min Deposit. Calculated using a representative rate of 4.59%
