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1 bed end terrace house for sale

£79,000 Shared ownership

7 Beech Road, Cranbrook, Devon EX5

1 1

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Property description

Plot 69 - 40%

Full Market Value £197,500
40% share £79,000
Rent including Building Insurance and service charge £274.02

Overview
A great opportunity to purchase a brand new two bedroom end terraced shared ownership home with one allocated parking space located on the Galileo development in Cranbrook.

What is shared ownership?

You buy an initial share in your new home - usually between 25% and 75% - and you pay a discounted rent on the remaining share. The share you buy will be the most you can afford based on a financial assessment.

Then, if your financial circumstances improve, you can buy further shares as and when it is appropriate to you, and in most cases you can own your home outright.

In some rural areas, there may be a restriction on how much you can buy. You will be fully informed of this restriction at the start of your purchase.

Property Features

  • New build
  • Great first time buy
  • 2 double bedrooms
  • Chain free
  • Modern fitted kitchen/diner with integrated cooker & hob and space for appliances
  • Rear garden laid to lawn with shed
  • One allocated parking space
  • Within commuting distance of Exeter City
  • Downstairs WC

    Location

    Cranbrook is a new town located to the East of Exeter, close to Junction 29 of the M5 and overlooking the A30. Exeter Airport is within close proximity
  • Market activity
    Average price paid £307,971 Sales 368 Current average value £348,216 (Zoopla Zed-Index) Value change £9,991 ▲ 2.95%

    Property value data/graphs for EX5

    Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
    Detached £460,197 £288 3.8 £399,896
    Semi-detached £291,874 £282 3.1 £265,862
    Terraced £242,739 £270 2.7 £230,793
    Flats £190,421 £225 2.0 £168,033

    Current asking prices in EX5

    Average: £317,646
    Avg. current asking prices in EX5
    Property type 1 bed 2 beds 3 beds 4 beds 5 beds
    Houses £138,250
    (2)
    £187,228
    (34)
    £285,038
    (63)
    £367,038
    (36)
    £610,000
    (6)
    Flats £130,000
    (1)
    £155,500
    (5)
    - - £499,950
    (1)
    All £135,500
    (3)
    £183,160
    (39)
    £285,038
    (63)
    £367,038
    (36)
    £594,279
    (7)

    Current asking rents in EX5

    Average: £802 pcm
    Avg. current asking prices in EX5
    Property type 1 bed 2 beds 3 beds 4 beds 5 beds
    Houses £550 pcm
    (4)
    £741 pcm
    (17)
    £855 pcm
    (4)
    £1,408 pcm
    (3)
    -
    Flats £351 pcm
    (1)
    £690 pcm
    (4)
    £724 pcm
    (1)
    £650 pcm
    (1)
    -
    All £510 pcm
    (5)
    £731 pcm
    (21)
    £829 pcm
    (5)
    £1,219 pcm
    (4)
    -

    Fun facts for EX5

    Highest value in EX5
    Highest value streets Zed-Index
    Rockbeare Hill £645,454
    Thorverton, Exeter EX5 £633,036
    Silverton, Exeter EX5 £619,770
    Woodbury Salterton, Exeter EX5 £617,888
    Sidmouth Road £570,722
    Highest turnover in EX5
    Highest turnover streets Turnover
    Cullompton Hill 52.9%
    Green Lane 52.9%
    Jubilee Road 50.0%
    Peter Street 43.8%
    Farm Park 42.9%

    What Zoopla users think of Cranbrook

    Overall rating:

    • currently 4 stars
    Very good - 76% (15 ratings)

    Ratings breakdown:

    • currently stars
    Community & safety
    • currently stars
    Entertainment & nightlife
    • currently stars
    Parks & recreation
    • currently stars
    Restaurants & shopping
    • currently stars
    Schools & public services
    • currently stars
    Transport & travel

    Rate Cranbrook:

    Tell us what you think of this area by rating these categories.
    Please note your vote will only be counted once.

    Community & safety
    • currently stars
    • 1
    • 2
    • 3
    • 4
    • 5
    Entertainment & nightlife
    • currently stars
    • 1
    • 2
    • 3
    • 4
    • 5
    Parks & recreation
    • currently stars
    • 1
    • 2
    • 3
    • 4
    • 5
    Restaurants & shopping
    • currently stars
    • 1
    • 2
    • 3
    • 4
    • 5
    Schools & public services
    • currently stars
    • 1
    • 2
    • 3
    • 4
    • 5
    Transport & travel
    • currently stars
    • 1
    • 2
    • 3
    • 4
    • 5

    Nearby transport

    • Cranbrook (Devon) (1.1 miles)
    • Whimple (2.2 miles)
    • Pinhoe (3.4 miles)
    • Exeter International Airport (1.3 miles)
    • Cardiff Airport (44.8 miles)
    • Bristol Airport (52.7 miles)
    • Topsham Ferry Landing (5.6 miles)
    • Topsham (Turf Lock Ferry) Ferry Landing (5.6 miles)
    • Topsham Lock Ferry Landing (5.7 miles)

    Nearby schools

    View all schools in East Devon
    • Rockbeare Church of England Primary School and Pre-School (0.4 miles)
    • St Martin's CofE Primary & Nursery School (0.8 miles)
    • Whimple Primary School (2.1 miles)
    • Wesc Foundation College (5.4 miles)
    • Exeter Tutorial College (5.7 miles)
    • Exeter Royal Academy for Deaf Education (6.0 miles)
    • Cranbrook Education Campus (0.3 miles)
    • Clyst Vale Community College (2.0 miles)
    • Ellen Tinkham School (3.6 miles)
    Note: Distances are straight line measurements

    Local info for East Devon

    AskMe Q&A for East Devon

    Ask a question

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    For more information about this property, please contact
    DCH - Cranbrook Galileo, EX5 on +44 1752 942820 * (local rate)

    Monthly running costs Beta

    £500 Monthly total

    Mortgage

    Purchase price
    Deposit (10%) 7,900
    Repayment term 25
    Interest rate 1.5
    Your payment £284 /mo How Much Could I Borrow

    These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

    Your home or property may be repossessed if you do not keep up repayments on your mortgage.

    Home Insurance

    Rebuild value up to £350,000 Contents value up to £40,000 Average insurance cost £8/mo (£101/yr)
    Compare insurance deals now In partnership with uSwitch
    Home insurance costs explained

    Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

    Source: Autonet Insurance Ltd

    Energy

    Gas £25 Electricity £32 Estimated energy cost £57/mo

    Similar properties could save up to £193

    How Much Could I Save? In partnership with uSwitch
    Energy costs explained

    The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

    Estimated consumption

    Gas: 7600 kWh/year
    Electricity: 2300 kWh/year

    Source: National Energy Efficiency Data Framework

    Council Tax

    Local authority

    East Devon

    Estimated tax band A Council tax cost £114 /mo
    when paid over 10 months
    Council tax costs explained

    The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

    Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

    Water

    Supply £15 Sewerage £22 Estimated water cost £37 /mo
    Water costs explained

    Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

    Total annual consumption (in cubic meters) is then averaged into a monthly cost.

    Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

    Contact DCH - Cranbrook Galileo about this property

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by DCH - Cranbrook Galileo, and do not constitute property particulars. Please contact DCH - Cranbrook Galileo for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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