2 bed semi-detached house for sale

Beech Road, Cranbrook, Exeter EX5

This 2 bedroom property is being brought to the market with a 40% share equating to £96,000. With 2 double bedrooms, family bathroom, kitchen diner, living room, sizeable garden and off road parking as well as being in a fantastic location close to all the local amenities Cranbrook has to offer.

This 2 bedroom end terraced property comes to the market for a 40% share of just £96,000. Upon entering the property you will find an entrance hall that leads you forwards into the lounge which is situated at the rear of the property looking out to the garden. On the left of the entrance hall you will find the kitchen dining room which is a bright and airy room consisting of a built in electric oven and hob with space for both a washing machine and fridge freezer. On this floor you will also find a convenient downstairs WC.

Upstairs, there are two comfortable double bedrooms and a family bathroom. In the bathroom there is a fully tiled bath with shower over head, toilet and wash basin.

The primary bedroom benefits from a storage cupboard and a nook for a wardrobe as well as two windows allowing lots of light into the room. The secondary bedroom is also a large double room with plenty of space for bedroom furnishings.

Outside, the garden is larger than most with lawn and a small paved area leading to the side access. To the right of the property is the parking which consists of 2 spaces in tandem.

Tenure - Leasehold

Share Ownership Information -

The share purchase price is calculated using the full market value and the percentage share purchased.
If you buy a 40% share, the share purchase price will be £96,000 and the rent will be £334.66 a month.
Your annual rent is calculated as 2.79% of the remaining share of the full market value owned by the landlord.
Please note that the rent is only calculated as a percentage of the retained equity when the lease is granted. All resales properties will have been subject to annual rent increases, which mean that the rent no longer represents a percentage of the retained equity. Further details of the rent review periods and calculations are contained within this document.
All figures are subject to change.
Monthly payment to the landlord
In addition to the rent above, the monthly payment to the landlord includes:
Service charge £6.58
Estate charge £0.00
Buildings insurance £14.97
LiveWest Management Charge £0.00
Reserve fund payment £3.00
Total monthly payment excluding rent £24.55
(these are subject to change during the purchase process)
Reservation fee - £500.00