The details

Check out this fabulous, modern, shared ownership, semi-detached property, with two double bedrooms, an enclosed rear garden and parking, in the ever-evolving new town of Cranbrook, close to the shops and amenities, and with excellent road and rail links to the city of Exeter.

Inside, it is well-presented with stylish decor throughout, and it feels warm and welcoming with community central heating and double-glazing.

The accommodation briefly comprises, on the ground floor, an entrance hallway with a convenient cloakroom containing a WC and basin, and a storage area beneath the staircase to the first floor, a good-sized kitchen/dining room with plenty of room for a table and seating, ideal for any occasion, and a modern fitted kitchen that has plenty of worktop and cupboard space, a fan-oven, electric hob, floor space for an upright fridge/freezer, and space with plumbing for a washing machine, and a living room with a window and half-glazed door to the rear garden.

Upstairs, there are two excellent double bedrooms, one with a built-in cupboard above the stairs, and a family bathroom containing a bath with a shower over, a WC and a basin.

Outside, the rear garden is a reasonable size and is fully enclosed making it safe for children and pets. Great for entertaining, there is a terrace of decking and paving, wiring for a hot tub, a timber shed for storage, and a gate providing alternative access. At the front, there is an outside tap for convenience, and at the side of the property a tarmac driveway with space for two cars.

Tenure: Leasehold
Council Tax Band: C £2142.48

Share Purchase Price and Rent Examples:

The share purchase price is calculated using the full market value and the percentage share purchased.
If you buy a 50% share, the share purchase price will be £122,500 and the rent will be £246.58 a month.

All figures are subject to change.

Monthly payment to the landlord In addition to the rent above, the monthly payment to the landlord includes:

Service charge £9.11
Buildings insurance £12.42
Total monthly payment excluding rent £21.53
(these are subject to change during the purchase process)

Reservation fee £500.00

You’ll need to pay a reservation fee to secure your home. When you pay the fee, no one else will be able to reserve the home.

If you complete on the purchase of your home, the reservation fee will be added to your rent account. If you or the seller withdraw from the sale the £500 will be refunded.

Eligibility

You can apply to buy the home if both of the following apply:
– your household income is £80,000 or less
– you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:
– you’re a first-time buyer
– you used to own a home but cannot afford to buy one now

Cranbrook

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