SHARED OWNERSHIP 35%

A very well presented, two double bedroom end of terrace house situated on a modern development, in the popular location of Monkerton. The property benefits from two allocated parking spaces, an impressive open plan kitchen / dining / living room, creating the perfect space for entertaining, downstairs cloakroom, two generous double bedrooms, stylish family bathroom and an attractive sunny, low maintenance rear garden.

Located on the edge of Exeter, the property offers convenient access to the M5, Exeter Airport and Pinhoe Train Station which offers direct trains to London.

Offered for sale under the shared ownership scheme prospective buyers will own a 35% share of the property.

Please refer to the shared ownership criteria within the sales details for further information.

Who Can Apply? - In order to be considered for shared ownership, you will need to:
1. be unable to buy a similar property for your needs on the open market.
2. have enough savings or access to sufficient funds to put towards the deposit and other purchasing costs, such as legal and moving costs
3. in most cases you will need to have a local connection to the area where you would like to buy. This condition may form part of a local planning agreement. We can help you check this if you are unsure
4. have a gross household income of less than £80,000 per year
5. not currently own or have an interest in another property (although you may apply once you have a buyer for your property)
6. be registered with and confirmed eligible for shared ownership by Help to Buy South. (please visit helptobuyagent3.org.uk or call )

Local Connection Criteria - An eligible person means a person who is in need of Affordable Housing and who has a strong location connection with the district of East Devon and who satisfies one or more of the following criteria.
- Currently living in the district; OR
- The person has been permanently resident in the area for at least 5 of the last ten years; OR
- The person is employed in the district on a full-time basis; OR
- The person has a close family member (mother, father, son, daughter, brother or sister) currently living in the district

This information has been taken from the Section 106 Agreement which is a planning condition.

https://www.livewest.co.uk/apply-for-your-resale-home


Council Tax Band: C
Tenure: Leasehold (118 years)
Shared Ownership: 35% being sold, £385.11 per month rental payments
125 years from and including 1 May 2018

If you buy a 35% share, the share purchase price will be £94,500 and
the rent will be £385.11 a month.

In addition to the rent above, the monthly payment to the landlord
includes:
Service charge -£16.26
Estate charge £0.00
Buildings insurance £14.19
LiveWest Management Charge £0.00
Reserve fund payment £11.73
Total monthly payment excluding rent £9.66

Prior written consent from LiveWest is required for pets
Parking options: Off Street
Garden details: Rear Garden