Jagaul.com Real Estate SO Resi launches shared ownership homes in Surrey

SO Resi launches shared ownership homes in Surrey

Cranleigh in Surrey will see its housing stock boosted this winter by one-bedroom apartments and two-bedroom houses being sold with the shared ownership model.

They will start from £102,000 (30% share) and houses from £118,750 (25% share), while the range will be followed by more one and two-bedroom apartments in Spring.

Buyers must purchase a minimum share of 25%.

Kevin Sims, director of sales & marketing at SO Resi, said: “As we move into the new year, our commitment to providing accessible housing in affluent areas will only grow stronger.

“The average property price in Cranleigh is £640,952 according to property portal Rightmove, which of course is far out of reach for first-time buyers.

“With our homes starting from £102,000 for a 30% share, SO Resi Cranleigh will provide a more accessible price point for those wanting to reap the benefits of living in Surrey and will suit both young professionals and small families.”

All homes will feature open-plan kitchens, living and dining spaces, integrated appliances and a washer/dryer.

Properties have allocated parking, cycle storage and communal gardens, while some have Juliet balconies.

Sims added: “Shared ownership is becoming an increasingly attractive prospect for buyers, thanks to its flexibility and low five per cent deposit requirement.

“At SO Resi Cranleigh, a deposit starts from just £10,200 which is a far more achievable goal for many aspirational first-time buyers.

“We have seen strong demand for new homes here already, as first-time buyers look to escape the rental trap and get onto the property ladder.”

Forming part of the wider Leighwood Fields development by housebuilder Berkeley Homes, SO Resi Cranleigh is situated on the edge of the village, surrounded by woodland and countryside.

Residents are nearby to Cranleigh Golf & Country Club, which is part of the wider Surrey Hills area, and local shops and eateries.

For transport links, Cranleigh is sandwiched between A3 and A24 with direct access to the M25, and for services further afield, Guildford railway station is a 25-minute drive with services to London Waterloo in just 45 minutes.

Launching in January, SO Resi Cranleigh is a collection of 4 one-bedroom apartments and 5 two-bedroom houses, with 16 one and two-bedroom apartments launching in Spring 2024.

Prices start from £102,000 for a 30% share in a one-bedroom apartment [full market value: £340,000].

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post