2 bed Terraced House for sale

Old Garden Pasture, Cranbrook, Exeter

Price

£57,500

Property Images |  Naomi J Ryan Estate Agents
Property Images |  Naomi J Ryan Estate Agents
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Sold STC

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Property Summary

A well-presented two-bedroom shared ownership property being sold with no onward chain. Situated on the eastern fringes of Exeter, Cranbrook offers excellent access to local facilities such as the Younghayes Centre, St Martins Primary & Nursery School, and Cranbrook Train Station which offers a regular service into the City Centre.

The property is available with a 25% share to purchase - please note the eligibility and local connection criteria included below. The house has spacious accommodation comprising entrance hall, ground floor cloakroom, spacious living/dining room, modern kitchen, two double bedrooms, and bathroom.

Outside is an enclosed and low maintenance garden, laid to attractive stone chippings. There is a useful garden shed, and a gate providing access to a pathway that leads to the front of the property. Opposite the house, there is one allocated parking space.

Full Details

LEASEHOLD INFORMATION
Leasehold Information: 125 years from 1 February 2013
Service Charge: £9.11 a month
Buildings Insurance: £12.42 a month
Rent: £357.65 a month
Review Date: Rent and service charge is reviewed annually in April
Share Available to Purchase: 25%

ELIGIBILITY
To assess your eligibility, you'll need to register with a Help to Buy agent.

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.

LOCAL CONNECTION CRITERIA
An eligible person means a person who is in need of Affordable Housing and who has a strong location connection with the administrative area of East Devon District Council or Exeter City Council (priority will be given to applicants with a local connection to the East Devon District) and who satisfies one or more of the following criteria .

- The person is currently resident in the area
- The person is currently employed in the area
- The person needs to live in the area to take up firmly committed employment
- The person has close family living in the area (i.e. mother, father, daughter, son, sister, brother).
- The person has been resident in the area for at least five of the last ten years.

This information has been taken from the Section 106 Agreement which is a planning condition.

REFERRAL FEE DISCLOSURE
We recommend sellers and/or potential buyers use the services of The Mortgage Quarter. Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them. You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.

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Features at a glance

Old Garden Pasture, Cranbrook, Exeter
Price £57,500
  • Type: Terraced House
  • Availability: Sold STC
  • Bedrooms: 2
  • Bathrooms: 1
  • Reception Rooms: 1
  • Tenure: Leasehold

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