2 bed flat for sale

Ikea Way, Exeter, Devon EX2

New releases - selection of 1 & 2 bedroom shared ownership apartments!

Newcourt Edge is an exciting development in Exeter where you can enjoy contemporary living at its best together with fantastic doorstep amenities in this ancient, yet vibrant city.

Apartment 12 - The Hawthorn is an impressive 2 double bedroomed second floor apartment, offering an open plan living/kitchen/dining area and the added benefit of a balcony together with 1 allocated parking space.

The full market value of £250,00 is available to purchase from a 10% to 75% share. Price shown is for a 40% share at £62,500 with a deposit of £3,125.00

Purchasing a new home could not be easier and it makes perfect sense too, with high energy efficiency this home will work just as hard as you do to keep your energy bills low.

Key features:

• Open plan Living/Kitchen/Dining
• Spacious hallway
• 2 Double bedrooms
• 1 allocated parking space
• Energy efficient lighting and efficient combi gas boiler
• PVC-u white windows with energy efficient sealed unit.
• Flooring to kitchen and bathroom
• Electric vehicle charging point
• 10 year build warranty

Newcourt Edge enjoys excellent transport links with the M5 just 10 minutes away, a direct rail service to London Paddington in 2.5 hours and Exeter Airport on the doorstep.
Devon’s capital city has a vibrant, modern feel with a host of independently run shops and places to eat. Exeter itself enjoys a rich, historic past that has gifted the city a wealth of must-see attractions, namely its mysterious Underground Passages, Royal Albert Memorial Museum, Cathedral, Roman wall and historic waterfront.

Great days out might include a flutter at Exeter Racecourse or a meander round the lovely nearby maritime town of Topsham, while further afield you have your pick of beautiful South Devon beaches and the magnificent unesco World Heritage Jurassic Coast.
Families can choose from a wide selection of local nurseries and schools, many of which are rated Good or Outstanding by Ofsted.
For active pursuits, head to Exeter’s Quay Climbing centre or Go Ape! At Haldon Forest, where scenic woodland trails can also be explored by foot or bike.

Financial Breakdown:
Full market value: £250,000
40% share value £100,000
5% deposit: £5,000
Rent charged on un-owned share: 2.75%
Rent on un-owned share (60%) £343.75
Estimated monthly service charge: £160.00 to include building insurance.

What is Shared Ownership?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 10% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright.
Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

*Please note, images are of the 3 bedroom show home and are for illustrative purposes only. Specification, layout and finish may be subject to change.