Electric Close, Godalming

DESCRIPTION Kings Estates are pleased to offer to the market this well-presented two-bedroom first-floor Shared Ownership apartment, situated within a modern and highly regarded development in Godalming. The advertised price represents a 25% share of the full market value.

This spacious apartment offers contemporary accommodation throughout and is ideally suited to first-time buyers looking to take their first step onto the property ladder. Conveniently located within easy reach of Godalming town centre and mainline railway station, the property combines modern living with excellent commuter links.
The accommodation comprises an entrance hallway with useful storage cupboard, a bright and spacious open-plan living/dining room, and a modern fitted kitchen complete with integrated appliances and ample storage. There are two well-proportioned bedrooms, including a generous principal bedroom, together with a contemporary family bathroom finished to a high standard.
Further benefits include double glazing, efficient heating, a secure communal entrance and well-maintained communal areas.

Outside, residents enjoy attractive communal grounds along with allocated parking and visitor parking spaces.

Shared Ownership Information
Full Market Value: £340,000
25% Share Available: £85,000
Rent on Remaining Share: £670.48 per month
Service Charge: £95.86 per month
Estate Charge: £28.79 per month
Buildings Insurance: £14.10 per month
Management Fee: £34.89 per month
Reserve Fund Contribution: £64.38 per month
Total Monthly Charges (excluding rent): £238.02
Lease Term Remaining: Approximately 288 years

Location
Electric Close forms part of a modern residential development conveniently positioned close to the heart of Godalming. This historic market town offers an excellent selection of independent shops, cafés, restaurants and everyday amenities, together with attractive riverside walks along the River Wey.
Godalming mainline railway station is approximately one mile away and provides regular services to London Waterloo in approximately 42-50 minutes, whilst Guildford can be reached in around eight minutes. The nearby A3 offers excellent road connections to Guildford, the M25, London and the south coast.
The area is also well served by a range of leisure facilities, supermarkets, highly regarded schools and local bus routes, making it a popular choice for professionals, first-time buyers and downsizers alike.

Shared Ownership

Shared Ownership provides an affordable route onto the property ladder by allowing purchasers to buy a share of a property whilst paying rent on the remaining share. Subject to the terms of the lease, owners may have the opportunity to purchase additional shares in the future through a process known as staircasing.

Eligibility

Prospective purchasers will be required to meet Shared Ownership eligibility and affordability criteria. Priority may be given to applicants with a local connection to the Waverley area.
Please contact Kings Estates for further information or to arrange a viewing.