2 bed terraced house for sale

Linhay Drive, Kingsteignton, Newton Abbot, Devon TQ12

Modern Two-Bedroom Terraced House in Kingsteignton – Shared Ownership, Chain Free

Apply now and unlock your home buying potential with Shared Ownership.

Available to purchase at a 40% share for £96,000 with a min 5% deposit. (Full market value £240,000).

Financial Breakdown:
Full market value: £240,000
40% share value £96,000
5% deposit: £4,800
Rent charged on un-owned share: £327.68
Rent on un-owned share (60%)
Estimated monthly service charge: Tbc

This well-presented two-bedroom terraced home offers modern living in the sought-after area of Kingsteignton. The property features a neat, low-maintenance garden ideal for enjoying the outdoors without the upkeep, along with off-street parking and lovely views. Conveniently located near local amenities and transport links, this home is available on a shared ownership basis with no onward chain, making it a fantastic opportunity to step onto the property ladder.

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.