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Abbey Walk, West Molesey, Surrey, KT8 2JH

Shared ownership

10A Abbey Walk, West Molesey, KT8 2JH

Sale under offer
Shared ownership
Photo of Abbey Walk, West Molesey, Surrey, KT8 2JH
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from

£112,000

with min. deposit

£5,600

40% Share from
£112,000
Full market price
£280,000
Minimum deposit
£5,600
Monthly rent
£416
Monthly service charge
£80.59

1 bedroom flat

10A Abbey Walk is a large one bedroom maisonette with own private street entrance arranged over the first floor of a two storey building that forms part of a modern residential development. When you first walk in you will notice a good sized storage area. Leading up the stairs you will see the huge kitchen and living area that opens out onto your own private balcony. The kitchen comes fitted with modern appliances and tiled splash back. The double bedroom is also larger than you would usually find in this area and allows plenty of room for more storage and furniture. The property features one modern family bathroom.

West Molesey is tucked …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area60.1
Number of floors2
Entrance floorGround floor
Tenureleasehold
Lease years123
EER Current83
EER Potential83
EIR Current88
EIR Potential88

from

£112,000

with min. deposit

£5,600

40% Share from
£112,000
Full market price
£280,000
Minimum deposit
£5,600
Monthly rent
£416
Monthly service charge
£80.59
Complete Moves

Complete Moves

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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