3 bed detached house for sale

Great Down Close, Landkey, Barnstaple EX32

Summary
Call Fox & Sons to arrange a viewing of this three bedroom detached home, available on a 40% shared ownership basis. Offering a kitchen/diner, lounge, utility room, en-suite to the principal bedroom, rear garden, and off-road parking.

Description
Looking to buy but feeling priced out of the market? Shared ownership is your way forward. Purchase between 10% and 75% of the property initially, paying rent on the remaining share you don't own
This plot is available to buy for £118,000 for a 40% share.
This brand new home is a three bedroom detached home offering spacious accommodation throughout.
The property is entered via a welcoming entrance hall with a convenient downstairs cloakroom. To one side is a generously sized lounge, providing the perfect space to relax and entertain, while to the opposite side is a superb kitchen/dining room, creating a sociable hub of the home. With built in appliances. The kitchen is complemented by a useful utility room with external access.
On the first floor, the property benefits from three bedrooms. The principal bedroom enjoys the added luxury of an en-suite shower room, while the remaining bedrooms are served by a family bathroom.
Externally, the property offers a private rear garden, ideal for outdoor dining and family enjoyment, together with two off road parking spaces & EV charging.
Call Fox and Sons today to register your interest.

What Is Shared Ownership?
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright. When you're ready, you can buy more shares until you staircase to owning 100% of your home.

Qualifying Criteria
Is Shared Ownership right for me?
As long as you are over 18
Your total household income is less than £80,000
And you don't already own a home at the time of buying your shared ownership property, or are Sold Subject To Contract
... Then Shared Ownership could be right for you!

How Shared Ownership Works?
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.

Agents Note
Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.

Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.

Disclaimers
o Deposits start from 5% of your chosen share value, illustrated deposit only and depends on lender and product availability.
O Share percentage advertised is an example. Typically shares up to 75% are available
Please note, images have been used for illustrative purposes only. Specification, layout and finish may be subject to change.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.