Stoneland Close, Cranbrook, Exeter, EX5

CHECK OUT this modern Mid Terraced Home, located at the end of a cul-de-sac, off a pedestrian walkway.

The property has a spacious feel with Hallway and Cloakroom leading to the Living Room overlooking the rear Garden with plenty of natural light and a spacious Kitchen/Dining Room, ample room for a table and chairs and a modern Kitchen with work surfaces, plumbing for a washing machine, space for a fridge freezer, an electric oven, hob and cooker hood, with tiled splash backs, overlooking the front.

Upstairs there are two Double Bedrooms and a Bathroom with shower over the bath.

To the rear there is a good size enclosed rear Garden with gate leading to an off-road parking space.

AGENTS NOTE:

Full market value £235,000

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 40% share, the share purchase price will be £94,000 and the rent will be £286.53 a month.

Your annual rent is calculated as 2.44% of the remaining share of the full market value owned by the landlord.

All figures are subject to change
.
Monthly payment to the landlord:
Buildings insurance £12.42

Total monthly payment excluding rent £12.42
(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
125 years from and including 1 March 2019

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.
 

SERVICES The property is connected to mains drainage, water, electric and EON district heating.

Please visit https://checker.ofcom.org.uk for Broadband and Mobile Signal availability.