3 bed detached house for sale

Bay View Road, Northam, Bideford, Devon EX39

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

Corner plot position!

Plot 0340 is available to purchase at a 25% share for £88,750 with a 5% deposit of £4,437.50 (Full market value £355,000).

The Mountford is a family home that packs a punch, from the outside this double-fronted home is impressive but wait till you step inside!

The ground floor features two substantial living spaces, each of which run the full length of the home. There’s a sizeable, dual aspect living room which is bright and airy and a kitchen/dining room which offers all the benefits of open plan, along with a cloakroom and utility room. On the first floor there are three well-proportioned bedrooms. An en suite for the Master Bedroom affording one privacy, and along with a sumptuous family bathroom which, ensures that no-one is short of bathroom space in the morning.

Outside you will find a private garden and driveway parking for 2 vehicles.

Features:
* Air Source Heat Pump
* Flooring throughout
* Utility
* En-suite to main bedroom
* Integrated kitchen appliances
* Driveway for 2 vehicles

Financial Breakdown:
Full market value: £355,000
25% share value: £88,750
5% deposit: £4,437.50
Rent charged on un-owned share: 2.75%
Monthly Rent on un-owned share (75%) £610.16
Estimated monthly service charge £58.52 pcm to include building insurance.

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.

Disclaimers:
Share percentage advertised is an example.
Please note, images have been used for illustrative purposes only. Specification, layout and finish may be subject to change.