3 bedroom house for sale
16 Old Tram Drive, Roundswell, EX31 3WR
Share percentage 50%, full price £305,000, £7,625 Min Deposit.
Share percentage 50%, full price £305,000, £7,625 Min Deposit.
Monthly Cost: £1,238
Rent £375,
Service charge £14,
Mortgage £849*
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 bed Detached House in Barnstaple now available under Shared Ownership
Description
This beautiful 3 bedroom detached property, located on the edge of a modern and popular development in Roundswell. Benefiting from a remainder 10 year NHBC warranty, detached garage with driveway parking, and a landscaped, south facing rear garden. This family home truly ticks the boxes for someone looking for an immaculately presented family home.
From Barnstaple town centre continue over the Long Bridge and up Sticklepath Hill. Upon reaching The Cedars Inn roundabout turn left and at the next roundabout turn right, signposted to Holmacott and Eastleigh. Continue on this road following the chicanes until you reach the next roundabout. Take the third exit and continue down this road before turning left onto Claypits Road. Continue along and take the fourth right onto Old Tram Drive, and then take the next left then left again where the property will be found on your left, displaying a number plate and Webbers for sale board.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- An immaculate 3 bedroom detached house
- Sought after development
- Gas fired central heating
- Close to amenities
- Single garage with driveway parking
- South facing garden
- Ensuite to the primary bedroom
- Double glazing
- Tenure:Leasehold (120 years from 20/12/2019).
- Share Available:50%(£152,500).
- Shared Ownership Rent:£375.24 per month (subject to annual review).
- Lease Management Fee:£24.95 per month (subject to annual review).
- Building Insurance:£128.04 per annum (subject to annual review).
- Estate charge:£14.00 per month (subject to annual review).
- Council Tax:Band D, North DevonCouncil
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: D
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 £305,000, £7,625 Min Deposit. Calculated using a representative rate of 5.03%
