1 bedroom apartment for sale
23 Rydens Avenue, Walton-On-Thames, KT12 3NS
Share percentage 50%, full price £280,000, £14,000 Min Deposit.
Share percentage 50%, full price £280,000, £14,000 Min Deposit
Monthly Cost: £1,288
Rent £479,
Service charge £102,
Mortgage £707*
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 Maisonette Available On Shared Ownership In Walton-On-Thames
Description
Description:
Nestled in a charming residential location, this beautifully presented one-bedroom ground floor maisonette is perfect for first-time buyers or downsizers. Originally built in the early 1900s and converted in 2005, the property combines period character with modern convenience. Offering a private entrance, well-proportioned rooms, it provides a comfortable and stylish living environment.
Key Features:
- Spacious double bedroom with fitted wardrobes
- Generous reception room (4.70m x 3.20m)
- Modern kitchen with built-in oven, hob, and extractor fan
- Bathroom with WC and contemporary fittings
- Private entrance hall with built-in storage
- Approximate internal area: 45 m²
- LVT click flooring throughout
- Gas-fired central heating and hot water
- Private Parking
Additional Information:
Council Tax Band: C
Leasehold with approximately 170 years remaining
Ground Rent is charged at £50 per annum
Location:
Situated between Hersham and Walton-on-Thames, the property benefits from excellent local amenities and transport links. The area offers a variety of shops, cafes, and leisure facilities, making it ideal for a convenient lifestyle.
Shared Ownership Details:
50% share available for £140,000
Particulars
Tenure: Leasehold
Lease Length: 170 years
Council Tax Band: C
Property Downloads
Energy CertificateMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: No
Dishwasher: No
Fridge/Freezer: Yes
Parking: Yes - Permit
Outside Space/Garden: Yes - Communal Garden
Year property was built: 2005
Unit size: 45m2
Accessible measures: Enquire with provider
Flooded within the last 5 years: No
Listed property: No
Heating: Gas
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 50%, full price £280,000, £14,000 Min Deposit. Calculated using a representative rate of 4.59%
