Available

£200,000

Goodmores | Goodmores Drive, EX8 5DQ
Share 50.00% / Full price £400,000 / Deposit £10,000

House
3 bedrooms
2 bathrooms
Pets allowed

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Summary

Shared Ownership Has Arrived In Exmouth

Description

* SHARED OWNERSHIP HOMES – HIGH SPECIFICATION – FLOORING INCLUDED – BOSCH APPLIANCES – CONTACT US NOW TO QUALIFY *

We have six of these homes available to reserve in Phase I. Once you have qualified for a home at this development, plots will be allocated on a first-come, first-served basis.

These energy-efficient Shared Ownership homes at Goodmores, Exmouth are available to purchase from a 10% to 75% share. The price listed is for a 50% share at £200,000 with a 5% deposit of £10,000 (full market value £400,000).

Plot 2 – 3 Bedroom 2½ Storey Home

The open-plan ground floor of this 2½-storey home, with a stylish Symphony kitchen, Bosch appliances and French doors onto the private rear garden, creates an inspiring space to live, relax and entertain.

On the first floor you’ll find two generous double bedrooms and a family bathroom, plus a useful storage cupboard on the landing.

The top floor is dedicated to the master suite, complete with built-in wardrobe and en-suite shower room, giving a real sense of privacy and retreat.

Outside, there is allocated parking and a delightful private enclosed rear garden.

We understand how important cost is, so let's breakdown the numbers first.


Full market value: £400,000
50% share value £200,000
5% deposit: £10,000
Rent charged on un-owned share: 2.75%
Rent on un-owned share (50%) £458.33
Estimated monthly service charge: £60.00 pcm

Location


With the start of the beautiful Jurassic Coastline only minutes away and the rugged terrain of Woodbury Common right on the doorstep, homeowners will be spoilt for choice when it comes to exploring the outdoors.

As well as indulging in nature, there’s a fabulous lifestyle on offer too, with a great selection of restaurants and a wealth of fun family days out. All of this – and so much more – helps make Exmouth a wonderful place to call home.

Our new homes are within easy reach of some of the most picturesque scenery East Devon has to offer. Just moments away from Goodmores lies Woodbury Common, an Area of Outstanding Natural Beauty. A firm favourite with families, dog walkers, runners and mountain bikers, the ancient woodlands, heathland and stunning coastal views make this the perfect place to enjoy every day of the week.

The infamous Jurassic Coast, with its 250-million-year-old rocks, offers a dramatic coastline to explore, and Orcombe Point, just to the east of Exmouth, marks the official start of this World Heritage Site.

There are also a wealth of education and childcare facilities in Exmouth, including nurseries, primary and secondary schools, many of which are rated Good or above by Ofsted. St Peters Prep School is just outside Exmouth, with further education facilities around twenty minutes away in Exeter.

As well as creating a desirable selection of 2, 3 and 4 bedroom homes on the 12-acre plot, the wider Goodmores scheme includes land for a new school, a football pitch and five acres of mixed employment land, along with woodland walks and open spaces for residents to enjoy.

Is Shared Ownership right for me?

  • As long as you are over 18
  • Your household income is less than £80,000
  • And you don’t already own a home at the time of buying your shared ownership property

then Shared Ownership could be right for you!

How Does Shared Ownership Work?


You buy a share in your home that’s right for you – from 10% up to 75% initially. You’ll pay a reduced rent on the share we own, plus a monthly service charge.

As your finances allow, you can buy further shares in your home (known as “staircasing”), meaning you’ll own more and pay less rent.

Typically, you’ll only need a deposit of around 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.

Shared Ownership generally costs less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

*Please note, images have been used for illustrative purposes only. Specification, layout and finish may be subject to change.

Description

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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy Ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.
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Monthly cost calculator
£200,000 Shared Ownership New Build Full price £400,000
Estimated monthly cost £1,605
£

How is this calculated?

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