This superb modern home is available to buy from as little as £100,000 with a 40% share
This charming two-storey mid-terraced home in the sought-after Exeter area offers a perfect balance of comfort and practicality. The property features two well-proportioned bedrooms, a modern family bathroom, and the added convenience of a downstairs WC. The separate kitchen provides ample space for cooking and dining, while the bright and inviting living room offers a cosy retreat ideal for relaxing or entertaining guests. Outside, you’ll find a private rear garden perfect for enjoying the outdoors and an allocated parking space conveniently located behind the property.
Ideally positioned in a well-connected part of Exeter, this home benefits from excellent transport links with easy access to the M5 and A30, as well as frequent bus services providing quick connections into the city centre and surrounding areas. Exeter St David’s and Exeter Central train stations are also within easy reach, offering direct routes to London, Bristol, and other major cities.
The local area offers a great selection of amenities, including supermarkets, local shops, cafés, and restaurants. There are several highly regarded schools nearby, along with leisure facilities such as gyms, parks, and walking trails. Exeter’s vibrant city centre is just a short journey away, offering an array of shopping options, theatres, and cultural attractions. With everything you need close at hand, this home perfectly combines suburban peace with city convenience.
PRICING & AFFORDABILITY
Full Market Value: £250,000
40% Share Price: £100,000 (rent £261.58pcm)
Minimum 5% Mortgage Deposit (40% share): £5,000
Approximate Service Charges: £23.83pcm*
Lease: 84 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 £248,250 and a purchaser would not need to meet the eligibility criteria listed above.
