3 bedroom house for sale
3 Templer Place, Bovey Tracey, TQ13 9GN
Share percentage 40%, full price £270,000, £5,400 Min Deposit.
Share percentage 40%, full price £270,000, £5,400 Min Deposit
Monthly Cost: £965
Rent £337,
Service charge £26,
Mortgage £602*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
An eligible person means a person who is in need of Affordable Housing and who satisfies one or more of the following criteria:
• Being resident in the Parish of Bovey Tracey which includes the Heathfield Ward; or
• Has a strong local connection with the Parish of Bovey Tracey which includes the Heathfield ward, considering the below:
- Family associations in the Parish of Bovey Tracey which includes the Heathfield ward
- Any period of ordinary residence in the Parish of Bovey Tracey which inlcudes the Heathfield ward not immediately before the date upon which any affordable Dwelling becomes vacant
- Has permanent employment in the Parish of Bovey Tracey which includes the Heathfield ward.
After a period of 28 days of advertising if no applications can be found then the local connection will cascade to the surrounding parishes of Hennock, Lustleigh, Ilsington and Teigngrace.
After a further period of 14 days of advertising if no applications can be found then the local connection will cascade out to the District of Teingbridge.
This information has been taken from the Section 106 Agreement which is a planning condition.
Summary
Lovely 3 bedroom semi-detached home from 40% share
Description
Available to purchase at a 40% share for £108,000 with a min 5% deposit. (Full market value £270,000).
Financial Breakdown:
Full market value: £270,000
40% share value £108,000
5% deposit: £5400
Rent charged on un-owned share: £376.81
Rent on un-owned share (60%)
Estimated monthly service charge: TBC
This super three bedroom semi-detached home is just perfect for first time buyers or families.
This home benefits from a modern fitted kitchen to the front and separate living/dining room making it ideal to relax in with your loved ones or entertain when guests come to visit. . French doors lead off onto the private rear garden. On the ground floor there is also the bonus of a useful downstairs cloakroom
Upstairs you will find three good sized bedrooms and a stylish bathroom suite. This home also comes with a garage en-bloc.
Bovey Tracey is a historic town on the edge of Dartmoor and home to many restaurants, bars, coffee shops and attractions as well as a primary school and doctor’s surgery.
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.
Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.
Shared Ownership generally costs less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
Particulars
Tenure: Leasehold
Lease Length: 114 years
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor Plan Brochure Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Garage
Outside Space/Garden: Yes - Rear Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 40%, full price £270,000, £5,400 Min Deposit. Calculated using a representative rate of 5.03%
