1 bedroom apartment for sale
3 Alderson Grove, Hersham, Walton-on-Thames, KT12 5EG
Share percentage 35%, full price £300,000, £10,500 Min Deposit.
Share percentage 35%, full price £300,000
Monthly Cost: £1,362
Rent £628, Service charge £204, Mortgage £530*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This generously-sized flat is on the first floor of a modern development and has a twenty-five-foot reception room with attractive flooring and an open-plan kitchen featuring sleek units and integrated appliances. A glazed door leads from the living area out onto a south/south-east-facing balcony. There is a spacious bedroom with fitted wardrobe, a pristine bathroom and a pair of large storage/utility cupboards have been provided in the entrance hall. Well insulated walls, high performance glazing and gas central heating have resulted in a very good energy-efficiency rating. The property comes with the use of an allocated parking space plus Walton-on-Thames Station, for rail services between Woking/Basingstoke and London Waterloo, is only a short walk away.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £300,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/37x8em5d]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 24/06/2018).
Minimum Share: 35% (£105,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £627.73 per month (subject to annual review).
Service Charge: £204.37 per month (subject to annual review).
Guideline Minimum Income: Dual £45,000 | Single £51,400 (based on minimum share and 10% deposit).
Council Tax: Band C, Elmbridge Borough Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £10,500
- Guide Min Income Dual £45k | Single £51.4k
- First Floor (building has a lift)
- Approx. 578 Sqft Gross Internal Area
- Very Good Energy Efficiency Rating
- South/South-East-Facing Balcony
- Parking Space
- Short Walk to Walton-on-Thames Station
Particulars
Tenure: Leasehold
Council Tax Band: C
Property Downloads
Floor Plan BrochureThe ‘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 costs for the property as a whole and communal areas
- Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.
NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.
Share percentage 35%, full price £300,000, £10,500 Min Deposit. Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
