Bay Close, Godalming, Surrey

Shared Ownership

This superb modern home is available to buy from as little as £206,000 with a 40% share!

This charming end-of-terrace, three-storey house in the desirable Milford area of Surrey offers flexible living space ideal for professionals or small families. The top floor includes a spacious master bedroom complete with a walk-in wardrobe and a modern bathroom. The second floor features a bright reception room and an additional bedroom, while the ground floor comprises a well-equipped kitchen, a convenient WC, and a versatile room that can be used as a ground floor bedroom or study — perfect for guests or working from home.

Outside, you’ll find a private garden, an outdoor office or studio space, and allocated parking. Situated in a quiet cul-de-sac, the property is within easy walking distance of Milford Station, with regular direct trains to London Waterloo in around 50 minutes and Guildford in under 10 minutes, making it perfect for commuters. The nearby A3 offers quick road access to Guildford, Portsmouth, and London, complemented by local bus routes connecting to nearby towns and amenities.

Local conveniences include shops, cafes, and supermarkets in Milford village, alongside well-regarded schools. Outdoor enthusiasts will appreciate the close access to Milford Green and the stunning Surrey Hills Area of Outstanding Natural Beauty.

PRICING & AFFORDABILITY

Full Market Value: £515,000

40% Share Price: £206,000 (rent £802.80pcm)
Minimum 5% Mortgage Deposit (40% share): £10,300
Approximate Service Charges: £118.81pcm*
Lease: 116 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 £515,00 and a purchaser would not need to meet the eligibility criteria listed above.