Once home to actor Tom Hardy and musician Ringo Starr, and widely known as ‘England’s largest village’, Cranleigh offers the perfect mixture of countryside living with quick access to amenities. The village has also seen an injection of new homes with the launch of SO Resi Cranleigh in late 2023, priced within reach of first-time buyers. The development provides one and two-bedroom apartments to purchase with Shared Ownership.
All homes at SO Resi Cranleigh have been designed with flexible living in mind, featuring open-plan kitchens, living and dining spaces, integrated appliances and a washer/dryer with example pricing starting from £71,875 (25% share). Located in a village setting amidst the backdrop of the Surrey Hills Area of Outstanding Natural Beauty, SO Resi Cranleigh offers a laidback lifestyle at an affordable price point for young professionals and families. All homes have allocated parking, cycle storage and communal gardens for all to enjoy, with Juliet balconies to selected homes.
Dubbed as England’s largest village, homes in Cranleigh typically come at a premium, with the majority of properties sold in the Surrey village last year fetching for £551,3142.
All homes at SO Resi Cranleigh will be sold via the Shared Ownership scheme. Shared Ownership allows buyers to purchase a share of a property if they are able to demonstrate that they would not be able to afford to buy a home otherwise. Buyers will secure a mortgage on the portion of the property that they are buying, while paying a below-market rate rent on the remainder – with the opportunity to buy more shares over time to achieve 100% ownership of the property.
Kevin Sims, Director at SO Resi, comments: “Cranleigh presents a stereotypical chocolate box village lifestyle, but with this comes a premium cost to prospective buyers. Local buyers in Surrey can no longer afford to keep up with the costs of living within the county and often resort to relocation or renting indefinitely. Our commitment to providing accessible housing in affluent areas remains a key priority, and Shared Ownership is a crucial scheme which allows us to offer a more accessible alternative
to homeownership, with lower deposit and mortgage borrowing requirements. We have seen strong demand for homes in Cranleigh, which we believe is set to continue 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 woodlands 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.
SO Resi Cranleigh is a collection of one and two-bedroom apartments with deposits starting from approximately £3,594. Example prices start from £71,875 for a 25% share in a one bedroom apartment [full market value: £287,500]. To find out more, visit www.sharedownership.co.uk or call 020 8607 0550.
First Time Buyer is an exciting bi-monthly glossy which takes a stylish and comprehensive look at all the options available, setting them out in an entertaining and informative way, and helping potential customers navigate their way through what is often a daunting and complex process. We dispel the myths, reinforce the facts and arm the reader with the tools necessary to make their homeownership dreams a reality.
