Brown Close, Wallington

Shared Ownership

This superb modern home is available to buy from as little as £160,000 with a 50% share!

Set within a picturesque and tranquil setting, this charming property offers a wonderful blend of countryside character and modern comfort. Surrounded by open views and natural beauty, the home enjoys a peaceful atmosphere while still remaining conveniently accessible to nearby amenities and transport links.
The accommodation is well arranged and accessed via a welcoming entrance hall, which leads through to the principal rooms. To the rear, a bright and spacious open-plan kitchen and living area provides an ideal space for both everyday living and entertaining, with a natural flow and outlook. There are two well-proportioned bedrooms, offering flexibility for use as sleeping accommodation, a home office, or guest space. The layout is completed by a modern bathroom, all thoughtfully positioned to maximise practicality and comfort.
Externally, the property continues to impress with its attractive surroundings and outdoor space, ideal for relaxing or making the most of the scenic outlook. The setting provides a sense of privacy while still feeling connected to the wider area.
There is allocated parking for one car and the property benefits from a lease over 100 years.

The property is conveniently positioned for easy access to a range of local amenities, including shops, cafes, and everyday essentials, while nearby towns provide a wider selection of retail, dining, and leisure facilities. Excellent transport links are close at hand, with nearby road connections offering straightforward routes to surrounding areas, and well-served public transport options providing convenient access for commuters.


PRICING & AFFORDABILITY

Full Market Value: £320,000

50% Share Price: £160,000 (rent £382.97 pcm)
Minimum 5% Mortgage Deposit (50% share): £8,000
Approximate Service Charges: £134.68 pcm*
Lease: 105 years

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £320,000 and a purchaser would not need to meet the eligibility criteria listed above.