1 bed flat for sale

The Heart, Walton-On-Thames KT12

No onward chain, part buy, part rent scheme.

A wonderful one-bedroom apartment situated on the 2nd floor of ‘The Heart’ within the centre of Walton on Thames and is available to buy under a 50% shared ownership scheme. Also Includes underground secure parking.

Recently refurbished and decorated throughout which features a large open plan kitchen-reception room with a balcony, a double bedroom with built-in wardrobe and a contemporary bathroom with a shower over the bath.

The Heart has a 24hr concierge service and an entry phone system. It is conveniently close to the restaurants, bars, and coffee shops that Walton on Thames has to offer. The river Thames and several excellent local gyms are also easily accessible nearby.

Leasehold

Ground Rent: £0.00 P/A

Service Charge: £339.97 pcm

Shared Ownership: 50% being sold, £408.16 per month rental payments

Lease Remaining: 100 Years approx.

Council Tax Band: C

EPC: B

The ground rent is within the service charge.

All information supplied by the sellers to the best of their knowledge.

How shared ownership works

You can buy a home through the shared ownership scheme if you cannot afford all of the deposit and mortgage payments for a home that meets your needs.

You buy a share of the property and pay rent to a landlord on the rest.

When you buy a home through shared ownership, you:

Buy a share between 10% and 75% of the home's full market value
pay rent to the landlord for the share they own
usually pay monthly ground rent and service charges, for example towards the maintenance of communal areas
There's a different way to buy a share of a home that you already rent - through Right to Shared Ownership.

Buying your share

The share you can buy is usually between 25% and 75%. You can buy a 10% share on some homes.

You can take out a mortgage to buy your share or pay for it with savings. You'll also need to pay a deposit, usually between 5% and 10% of the share you're buying.

You can buy more shares in your home in the future. This is known as ‘staircasing’. If you buy more shares, you’ll pay less rent. The amount of rent you pay will be based on the landlord’s share.