1/9
£118,000
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 £295,000 and a purchaser would not need to meet the eligibility criteria listed above.
Shared Ownership
This superb modern home is available to buy from as little as £118,000 with a 40% share!
Welcome to this beautifully arranged three-bedroom townhouse located in the highly sought-after residential area of Brooklyn Close, Exeter. Offering approximately 980 sq ft of versatile living space across three floors, this stylish and spacious home is perfect for families, professionals, or investors.
On the ground floor, an inviting entrance porch leads the spacious sitting room. An inner hall allows access to a downstairs cloakroom/WC. The generous kitchen & breakfast room spans the back of the house and double doors open on to the rear garden. On the first floor there are two bedrooms -
Bedroom 2 – Ideal as a double or guest room.Bedroom 3 – Perfect for a nursery, home office, or single bedroom. There is a modern family bathroom with bath/shower combo
On the top floor, the impressive Master Bedroom has ample space for wardrobes and seating area
Brooklyn Close is a peaceful, family-friendly cul-de-sac located in the EX1 area of Exeter. With easy access to local amenities, excellent transport links to the city centre, and nearby schools and green spaces, it’s a perfect spot for those seeking convenience without compromising on comfort.
Commuting from Brooklyn Close, Exeter (EX1 3XD) is generally convenient. Exteter City centre is approximately 3 miles from the property by car and access to the M5 is within easy reach. Nearby Pinhoe Station provides regular services to Exeter, Honiton, Axminster & London Waterloo
PRICING & AFFORDABILITY
Full Market Value: £295,000
40% Share Price: £118,000 (rent £508.01 pcm)
Minimum 5% Mortgage Deposit (40% share): £5900
Approximate Service Charges: £25.19 pcm*
Lease: 118 years
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership