Shared Ownership in Cranleigh, Surrey 2 bedroom Semi-Detached House

  • £330,000

    Equity share: 40% / £132,000

United Kingdom, Cranleigh, Sarus Place
For Sale Shared Ownership

Shared Ownership in Cranleigh, Surrey 2 bedroom Semi-Detached House

United Kingdom, Cranleigh, Sarus Place
  • £330,000

    Equity share: 40% / £132,000

Property Overview

  • Semi-Detached House
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom

Property Description

Shared Ownership

This superb modern home is available to buy from as little as £132,000 with a 40% share!

Set within a short walk of Cranleigh High Street is this charming two bedroom semi detached home. The accommodation includes: entrance hall, lounge/diner with a separate kitchen, ground floor WC, two double bedrooms, bathroom and allocated parking.

Cranleigh’s busy village centre offers a variety of shopping, leisure and cultural amenities including two supermarkets, a butcher, fishmonger, M & S Simply Food, as well as a library and leisure centre. The village is also home to several excellent pubs and coffee shops with outside sitting for an al fresco break. Set at the foot of the Surrey Hills, Cranleigh is surrounded by Surrey countryside, and nearby towns of Guildford and Horsham offer mainline services to London.

PRICING & AFFORDABILITY

Full Market Value: £330,000

40% Share Price: £132,000 (rent £637.74pcm)
Minimum 5% Mortgage Deposit (40% share): £6,600
Approximate Service Charges: £103.55pcm*
Shared Ownership Lease: approx. 88 years (the lease can be extended as part of the sale back to 99 years if required)
Council Tax Band: D

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 £330,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property Address

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  • Address United Kingdom, Cranleigh, Sarus Place
  • City Cranleigh
  • County Surrey
  • Postal Code GU6 8FE

Details

Updated on June 17, 2024 at 1:27 pm
  • Property ID: MS-125681
  • Rental Amount Per Month: £638/Month
  • Bedrooms: 2
  • Bathroom: 1
  • Property Type: Semi-Detached House
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 103.55
  • Value Of The Equity Share: 40% / £132,000
  • Overall Property Value: £330,000
  • Tenure: Leasehold
  • Council Tax Band: D
  • Length of Lease: 88

Contact SOWN about: Shared Ownership in Cranleigh, Surrey 2 bedroom Semi-Detached House

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