3 bedroom house for sale
47 Muddlebridge Close, EX31 2FG
Share percentage 50%, full price £295,000, £7,375 Min Deposit.
Share percentage 50%, full price £295,000, £7,375 Min Deposit.
Monthly Cost: £1,244
Rent £399,
Service charge £23,
Mortgage £822*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
3 Bedroom Semi-Detached House in Barnstaple now available under Shared Ownership
Description
Chequers Estate Agents are delighted to present a fantastic opportunity to purchase this lovely three bedroom semi-detached house, located on Muddlebridge Close in Bickington. It is available to buy on a 50% shared ownership basis, so it is ideal for those seeking to step onto the property ladder and live in a wonderful home in a great location.
Upon entering you will find a bright and welcoming hallway, which in turn leads to a spacious living room. Leading off the living room is a inner hallway with understairs storage cupboard and good sized cloakroom with low level W.C and pedestal hand basin. The hall then opens out to a superb kitchen/dining room with patio doors giving direct access to the rear garden.
Upstairs the property features three good proportioned bedrooms, with bedroom one benefitting from an ensuite shower room. There is also a bathroom with shower over the bath.
Outside there is allocated parking for two cars and a rear garden, that benefits from lawn and patio areas, along with a gate providing pedestrian access down one side of the house.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Modern Semi-Detached House
- Built Nov 2022 with Remainder of 10 Year NHBC
- Separate Living Area
- Open Plan Kitchen/Diner
- Downstairs Cloakroom
- Ensuite to the Main Bedroom
- Rear Access with Side Access
- Allocated Parking for Two Cars
- Tenure: Leasehold (999 years from 30/11/2022).
- Share Available: 50%(£147,500).
- Shared Ownership Rent: £398.89 per month (subject to annual review).
- Lease Management Fee: £22.73 per month (subject to annual review).
- Buildings Insurance: £134.40 per annum (subject to annual review).#
- Estate Charge: £270.23 per annum (subject to annual review).
- Council Tax: Band C, North Devon Council.
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: C
Property Downloads
Key Information Document Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £295,000, £7,375 Min Deposit. Calculated using a representative rate of 5.03%
