2 bedroom house for sale
Acer Terrace, Cheriton Bishop, EX6 6BL
Share percentage 35%, full price £253,000, £8,855 Min Deposit.
Share percentage 35%, full price £253,000, £8,855 Min Deposit.
Monthly Cost: £876
Rent £394,
Service charge £33,
Mortgage £449*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You may be eligible for this property if:
You have a gross household income of no more than £80,000 per annum.
You are unable to purchase a suitable home to meet your housing needs on the open market.
You do not already own a home or you will have sold your current home before you purchase or rent.
You live, work, or have a strong local connection to the parish of Tedburn St Mary or the Parish of Cheriton Bishop. Strong local connection means close family associations or previous periods of residence.
If we are not able to find a buyer with a local connection to a) Tedburn St Mary or Cheriton Bishop, the criteria will be widened as follows and in the following order:
b)Whitestone, Holcombe, Burnell, Dunsford and Moretonhampstead.
c)Teignbridge.
d)Devon.
Summary
Shared Ownership - 2 Bed End Terraced House with two parking spaces
Description
Acer Terrace Shared ownership resale with 35% share being sold.
End terraced 2 bedroomed house on a small development on the approach to the village from the main A30 junction.
The ground floor is comprised of an open plan living/kitchen. Cloakroom.
There is dual aspect to the first floor where there are two bedrooms and a bathroom.
Enclosed rear patio.
Two allocated parking spaces at the rear.
Mains electricity, water and drainage with a communal heating system which is electric powered to the property but is from a wood fired boiler serving the whole estate.
Key Features
- Open Plan living room/kitchen
- Downstairs Cloakroom
- 2 bedrooms
- Enclosed rear patio with shed
- 2 allocated parking spaces to the rear
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: B
Property Downloads
Key Information Document Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 35%, full price £253,000, £8,855 Min Deposit. Calculated using a representative rate of 4.64%
