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Pennicott Place

Shared ownership

Electric close, Godalming, GU7 1LG

For salenew home
Shared ownership
Photo of Pennicott Place
Live from space album cover
  • from

    £88,750

    2 bedroom

from

£88,750

with min. deposit

£4,438

Legal & General Affordable Homes

£88,750

2 bedroom flat

£142,000

2 bedroom flat

£266,250

2 bedroom flat

Availability

For sale

For sale

For sale

Minimum share

25%

40%

75%

Full market price

£355,000

£355,000

£355,000

Deposit from

£4,438

£7,100

£13,313

Monthly rent

£610

£488

£203

Monthly service charge

£196

£196

£196

Bedrooms

2

2

2

Bathrooms

1

1

1

Reception rooms

1

1

1

Furniture status

unfurnished

unfurnished

unfurnished

Floor area

61.5

61.5

61.5

Number of floors

1

1

1

Entrance floor

Ground floor

Ground floor

Ground floor

Tenure

leasehold

leasehold

leasehold

Lease years

990

990

990

Property features

Allocated parkingCentral heatingDouble GlazingCommunal Garden
Allocated parkingCentral heatingDouble GlazingCommunal Garden
Allocated parkingCentral heatingDouble GlazingCommunal Garden
EER Current838383
EIR Current888888

Overview

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

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.

from

£88,750

with min. deposit

£4,438

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