Scholars Walk, Dorking - New Property Development

Scholars Walk is a new development of 35 two and three bedroom houses situated
on the old grounds of Starhurst School in Dorking. There is one two bedroom semi-detached house remaining.
Built to stringent standards, the rooms are well proportioned with careful consideration to available living space.

Please check current availability

Prices
Market value of £240,000
55% share price of £132,000*
Rent on unpurchased 45% of £225.00 per month*
* Prices do not include service charges

How does New Build HomeBuy work?
New Build HomeBuy (also known as shared ownership and part buy, part rent) is a form of low cost home ownership which enables you to buy a proportion of a property. This means you own a share in the equity of that property using either a mortgage and/or savings, and pay rent on the part you do not own. At a later stage, you may buy further equity if you wish to do so (this is often referred to as 'staircasing').

You will be able to buy a share of the property based upon a qualified valuer's valuation. The minimum initial equity on a property is dependent on a range of factors including current property prices and affordability in a particular area. The share is likely to fall within a range of 25-55%.

The proportion of the rent you pay is dependant on the percentage you do not own. For example, if you purchase 40%, you pay rent on the remaining 60%.You can, if you wish, staircase to full ownership or you can remain a New Build HomeBuy owner. However, even though you only own a percentage of the property, you will have the normal rights and responsibilities of a full home owner.