Shared Ownership
This superb modern home is available to buy from as little as £72,000 with a 40% share!
Offered to the market with no onward chain, this spacious coach house benefits from an integral garage and a new 125 year lease. The accommodation includes an entrance hall with stairs to the first floor, a superb open plan lounge/kitchen/diner, two spacious bedrooms and a bathroom.
Situated in the popular Mid Devon town of Tiverton, the property is conveniently placed for a wide range of everyday amenities. Tiverton offers a good selection of independent shops, supermarkets, cafés, pubs and restaurants, together with leisure facilities, schools and healthcare services. The town is surrounded by attractive Devon countryside, with the Grand Western Canal and its picturesque towpaths providing excellent opportunities for walking and cycling, while Exmoor National Park is also within easy reach for days out.
Tiverton is well positioned for connections across Devon and further afield, with convenient access to the A361 North Devon Link Road, providing onward connections to the M5 at Junction 27. Tiverton Parkway railway station offers regular mainline services towards Exeter, Bristol and London Paddington, making the property a practical option for commuters as well as those looking to enjoy the town and surrounding countryside.
PRICING & AFFORDABILITY
Full Market Value: £180,000
40% Share Price: £72,000 (rent £247.50pcm)
Minimum 5% Mortgage Deposit .40(% share): £3,600
Approximate Service Charges: £26.56pcm*
Shared Ownership Lease: 125 years
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.
AI-Generated Visualisation: Some images have been created using AI to show the home's potential once decorated and furnished. These images are for illustrative purposes only.
