Page main header

Skip to main content
Close main menu
Open main menu

Property Listing Details

Property details

Features

  • 10 year Buildmark warranty
  • Allocated parking space
  • Single garage
  • Large kitchen/dining/family space
  • South-facing garden
  • Flooring throughout
  • *Illustrative image only and exact specification may differ

Listing view statistics

Last 30 days: 201 page views

Since listed: 201 page views

Description

The Woolacombe is a beautiful detached 4 bedroom home with garage and parking space. Offering a spacious kitchen/dining/family area and a large separate living room with bay window. The master bedroom has its own en-suite bathroom and the additional three bedrooms share the family bathroom. This property also benefits from a large south facing garden and has flooring included throughout!

This property is available on the Home Reach scheme. You can buy up to 75% of one of our homes and pay a low monthly rent on the part you don't buy.

Prices stated are for a 50% share. You will be granted a 125-year lease, which means you will be able to live in your home as if you have bought it outright. You can also buy more of your home in the future (up to 100% ownership which is known as staircasing).

You are eligible to purchase using the Home Reach scheme if:

•Your household income does not exceed £80,000 •You have a deposit (at least 5% of the share value)

•The property will be your principle home

•You pass a financial affordability assessment

About buying this home: Buying a home with the Home Reach scheme is an affordable way to purchase a brand new property- you may not even need a deposit.

To explain the scheme; you buy a share of your newly built home and pay a monthly rent on the part you don't buy. Your budget will decide the size of the share you buy, rather than the size of your home. So, you might decide to buy a bigger share of a lower priced home or a smaller share of a more expensive home.

You can purchase your share in either cash savings or by taking out a mortgage. If you are taking out a mortgage to finance your share, you will need to allow for a minimum of 5% deposit. The larger your deposit (typically 10%) the lower your mortgage repayments are likely to be. To start with, you can purchase up to 75% of your chosen home and the shared ownership company Home Reach will become your landlord granting you a 125-year lease. This means you will be able to live in the home as if you've bought it outright. On the share you do not purchase, you will pay rent of 2.75% of the unsold value, this will be paid monthly via direct debit. You can purchase more shared in the future until you own the whole property and stop paying rent altogether. For more information please speak to a Sales Advisor who will be able to guide you.

Example based on the £177,450 total cost;

50% Share: £88,725, 5%

Deposit: £4,436

Mortgage Amount: £79,853

Rent 2.75%: £203.33

Mortgage Payment: £399.76

Home Reach Admin Fee (pcm): £19.16

Minimum Household Income: £22,423

*Estimated Total Combined Monthly Cost: £622.24. *Estimated monthly cost is an illustrated figure only, based on a 25-year term, 3.5% mortgage rate. Please speak to an Independent Financial Advisor for exact costings.

If you are interested in this property and buying using the Home Reach scheme get in touch to find out more. A member of our team will help you find out if you qualify to buy this property and then can arrange a viewing for you.

Agents note: CGI and images are for illustrative purposes to show the intended finish of the home.

You could get

Superfast broadband Superfast broadband

Up to 61.5 Mbps (Source: Ofcom)

Floorplan

Map & Nearby

Local Amenities

  • Barnstaple 1.5 miles
  • Instow Ferry Landing 3.9 miles
  • SchoolsCompany North Devon Academy 0.3 miles
  • Sticklepath Community Primary Academy 0.7 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Barnstaple 1.5 miles
  • Instow Ferry Landing 3.9 miles
  • SchoolsCompany North Devon Academy 0.3 miles
  • Sticklepath Community Primary Academy 0.7 miles

Market stats

Sale activity

Average estimated value for a house in EX31:

  • £361,715
  • Price decrease

  • -£13,177
  • (-3.515%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £321,824
  • Properties sold

    148

Rental opportunities

Not known

Recent sales nearby

See all recent sales in EX31
Switch to next tab

Estimated running costs

Based on available 3rd party data

Mortgage calculator

£ per month

How much could I borrow?

In partnership with

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

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.

The Agent

Price history

Sold prices provided by Land Registry
8th Nov 2019 £159,500 First listed

Want an expert valuation of your home?

Book an agent valuation
Property descriptions and related information displayed on this page are marketing materials provided by Complete. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Complete for full details and further information.