3 bed semi-detached house for sale

Bay View Road, Northam, Bideford, Devon EX39

* shared ownership home - ready this summer - flooring & kitchen appliances included *

Plot 0342 - This home is available to purchase at a 40% share for £122,000 with a 5% deposit of £6,100. (Full market value £305,000).

The Eveleigh is a stunning 3-Bedroom semi-detached family home with a good-sized living room, with French doors leading out to the private rear garden. There is a roomy kitchen/dining area and useful downstairs cloakroom/WC.

Upstairs the Master Bedroom benefits from having an ensuite. There are two further good size Bedrooms and a sumptuous Family Bathroom/WC. Outside you will find a private rear garden and in addition this home has a driveway for 2 vehicles.

Features:
* Air Source Heat Pump
* EV Charger
* Flooring throughout
* Integrated kitchen appliances
* Driveway for 2 vehicles

Financial Breakdown:
Full market value: £305,000
40% share value: £122,000
5% deposit: £6,100
Rent charged on un-owned share: 2.75%
Monthly Rent on un-owned share (60%) £419.38

The Bay View new homes development is located on the stunning North Devon coast with, an exciting development of 3 and 4 bedroom homes, ideally suited to couples and families alike.

Our new homes in Northam have been thoughtfully designed to complement their surroundings-modern in style yet perfectly in keeping with the area’s traditional charm. If you’ve dreamed of life by the sea, our Bay View development offers a coastal retreat with plenty to enjoy.

With a choice of homes in varying sizes and layouts there is something for everyone at Bay View.

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

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. That could be from 25% up to 75% initially. You’ll pay a reduced rent to us on the share we own and a monthly service charge.

As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.

Typically, you’ll only need a deposit that is 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, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.

Please note flooring and kitchen appliances subject to changes.

Disclaimers
o Deposits start from 5% of your chosen share value, illustrated deposit only and depends on lender and product availability.
O Share percentage advertised is an example. Typically shares up to 75% are available