3 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Leasehold
- 3 storey Mid Terrace Town House
- SHARED OWNERSHIP 70%
- 3 Bedrooms
- Living Room
- Kitchen Breakfast Room
- Bathroom & Cloakroom
- Rear Garden
- Top Floor Main Bedroom
- Off Road Parking
- Close to new Town Centre & Country Park
Scheme: Shared ownership resale
Full market value: £275,000
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 70% share, the share purchase price will be £192,500 and the rent will be £171.08 a month.
Your annual rent is calculated as 2.49% of the remaining share of the full market value owned by the landlord.
Please note that the rent is only calculated as a percentage of the retained equity when the lease is granted. All resales properties will have been subject to annual rent increases, which mean that the rent no longer represents a percentage of the retained equity. Further details of the rent review periods and calculations are contained within this document.
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 £0.00
Buildings insurance £13.89
Total monthly payment excluding rent £13.89
(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
• you're forming a new household - for example, after a relationship breakdown
• you're an existing shared owner, and you want to move
• you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
Tenure: Leasehold
Lease type: Shared ownership house lease
Lease term: 199 year from and including commencement date 12 August 2021
For more information, see section 2.5, 'Lease extensions', in the 'Key information about shared ownership' document.
Rent review: Your rent will be reviewed each year by a set formula using the Retail Prices Index (RPI) for the previous 12 months plus 0.5%.
Maximum share you can own: You can buy up to 100%% of your home.
Places of interest
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Property reference 101182022738. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Complete - Exeter.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on July 31, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on July 31, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on November 25, 2020 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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