3 bedroom house for sale
21 Bentinck Close, , TQ13 9DY
Share percentage 50%, full price £335,000, £16,750 Min Deposit.
Share percentage 50%, full price £335,000, £16,750 Min Deposit.
Monthly Cost: £1,268
Rent £384,
Service charge £20,
Mortgage £864*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
Summary
Solo Homes, in partnership with Cornerstone Housing, are is pleased to offer this BRAND NEW 3 bedroom property in Bovey Tracey. Available on a shared ownership basis, this is a great opportunity...
Description
Solo Homes, in partnership withCornerstone Housing, are pleased to offer this BRAND NEW 3 bedroom property inBovey Tracey. Available on a shared ownership basis, this is a great opportunity for purchasers with a local connection to make your home purchase more affordable.
One of 24 homes, Plot 21 is set in the grounds of the historic Indio Lodge, accessed by a gated drive, and is surrounded by woodland yet within easy walking distance of the town centre.
The house will feature a smart modern kitchen with built-in cooking appliances, separate lounge, 3 bedrooms, bathroom and downstairs cloakroom & under stairs storage. Parking for two vehicles located at the front of the property, front and rear gardens with storage facilities and washing line. The property will benefit fromAir Source heat pump and provision for Electric Vehicle charging.
Initial purchase is set at 50% of the market price and the remainder will be rented from Cornerstone on a 125 year lease. The rest of the property can be purchased in % increments or in one go at a later date, through a process known as staircasing. On final staircasing the Freehold would be acquired.
Completion will be August 2024
Shared Ownership
The price of £167,500 is for a 50% share of the property, with other share amounts available subject to affordability. Based on a 50% share, there is a monthly rent £383.85, and a monthly service charge of £19.71. Interested parties are requested to complete a local connection form to confirm they meet the local connection criteria, and following this an application form will be sent.
Please note a Local Connection is required to purchase this property:
First - Parish of Bovey Tracey
Second - Parish ofIlsington, Kingsteignton, Teigngrace, Hennock & Lustleigh
Third - Teignbridge District Council administration area
Key Features
- Three Bedroom Semi Detached
- Available on Shared Ownership
- Brand New Development
- Popular Town Location
- Off Road Parking
- Call Now For More Information
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 50%, full price £335,000, £16,750 Min Deposit. Calculated using a representative rate of 4.80%