Shared Ownership
This superb modern home is available to buy from as little as £168,000 with a 60% share! (PLEASE NOTE A LOCAL AREA CONNECTION TO EAST DEVON IS REQUIRED & THERE IS AN 80% STAIRCASING RESTRICTION)
A modern semi detached house built in 2017 located in a quiet location in West Clyst, Devon. This well presented home provides two bedrooms, a good size living/dining room, modern kitchen, two double bedrooms and a bathroom. Outside, there is a driveway with parking for two cars and a private garden at the rear.
West Clyst is a semi-rural area offering a peaceful environment with access to green spaces. The community is served by local shops, parks, and recreational facilities, contributing to a high quality of life.
Pinhoe Railway Station is approximately 1.5 km away, providing regular services to Exeter and beyond and the area is well served by local bus routes.
West Clyst is approximately 3.5 miles from Exeter city centre which provides a further array of amenities, shops and eateries.
PRICING & AFFORDABILITY
Full Market Value: £280,000
60% Share Price: £168,000 (rent £244.60 pcm)
Minimum 5% Mortgage Deposit (60% share): £8,400
Approximate Service Charges: £55.48 pcm*
Lease: 118
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.
