Part Buy-Part Rent An Apartment In Hersham
Posted 23 December 2020 by
Keith OsborneIf you’re looking to move out of Greater London to a home offering more space and value-for-money, yet still need convenient access to the capital, then the village of Hersham could be a great choice and there’s a new opportunity to buy there through the Home Reach scheme.
Home Reach is a great buyer scheme for those on a modest budget which allows you to purchase a share of the home and rent the balance. It’s a form of Shared Ownership that means you can find a splendid place to live on a lower deposit, and smaller mortgage than you’d need to buy it outright. It is open to households with an income of no more than £80,000 (£90,000 in Greater London).
The Aspect development by Crest Nicholson in Hersham currently offers a number of apartments on a part-buy-part rent basis. Starting at £147,500 under Home Reach, for this price, the buyer will own a 50% share of their home, while paying rent on the other 50%. They will need a deposit of £7,375 and a mortgage of £140,125. Over time, when funds allow, you can buy further shares until you own 100% of the home, and in the meantime there is no restriction on selling, and you will receive your proportion of the full value when sold.
An apartment comes with its own balcony, a ‘must’ for many buyers in a year where they have seen the benefit of their own private space. Inside, it has an open-plan kitchen/living/dining area, with the kitchen having full fitted worktops and units with soft-close doors and drawers, together with appliances including Bosch integrated fridge/freezer and dishwasher. The double bedroom has full-height wardrobes with mirrored doors.
Hersham has its own shops and amenities and is in a great location, neighbouring well-served towns such as Walton-on-Thames, Weybridge and Esher, close by to numerous parks, sports facilities and the famous Sandown racecourse. It has its own station (around 17 minutes away on foot) on the London-Woking line, with a journey time of just 34 minutes into Waterloo station, whether travelling for work or leisure. The A3 and M25 are both around 10 minutes’ drive away.
Find out more about Home Reach apartments at Aspect from Crest Nicholson.
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