Muddle Brook, Roundswell, Barnstaple, EX31

A rare opportunity to purchase a 50% share of this stunningly presented two bedroom house which benefits from off road parking as well as a super generous enclosed garden. These shared ownership properties offer a great opportunity to get on the housing ladder and benefit from house price growth at a reasonable cost. The accommodation comprises of steps to ENTRANCE DOOR opening onto ENTRANCE LOBBY with storage cupboard and W/C with basin, window and housing gas boiler. Inner door opens to OPEN PLAN LIVING AREA with fitted kitchen, generous living space, window and French doors to garden, stairs to upper floor with useful storage under. On the FIRST FLOOR is the MASTER BEDROOM with two windows overlooking rear garden, a SECOND DOUBLE BEDROOM with windows to front and built-in storage and the FAMILY BATHROOM with white suite and shower over the bath.

The REAR GARDEN is a particular feature of the property, being far larger than usual and offering a sunny aspect. Laid to lawn with patio area and bounded by stout timber fences, there is also a gate to the parking area.

Buyers Key criteria are:

Buyers must be at least 18 years old

Buyers must have a total household income under £80,000 (£90,000 in London)

Buyers must meet the Homes England affordability and sustainability assessments (see the Homes England calculator guidance for further information)

Buyers are expected to use any savings and assets towards the purchase of their home. This may mean selling assets such as bonds, shares, land and any other financial investments

Buyers in receipt of benefits are eligible for shared ownership provided they meet the Homes England affordability assessment (not all benefits are eligible)

Self-employed buyers must be able to provide 2-years evidence of their income 6 Resales Guide for Estate Agents y Buyers must purchase the maximum share they can reasonably afford within the parameters of the Homes England calculator

Shared owners must be first time buyers or do not own another property in the UK or any other country or have a memorandum of sale for their existing property

Buyers must have good credit history and must not have the following (for more information on acceptable credit for Home Reach please refer to the credit policy): A mortgage or rent arrears Other bad debts County Court Judgements

Buyers must have a minimum 5% deposit towards the share they are purchasing

Buyers may retain a portion of their savings to cover the costs of purchase and moving home (typically up to £5,000). This may include:

Legal fees

Stamp Duty Land Tax where applicable

Mortgage application fees

Valuation fees and any associated moving costs

Entrance Hall


Kitchen
10' 9" x 9' 11" (3.28m x 3.02m)

Living Room
13' 3" x 9' 1" (4.04m x 2.77m)

Cloakroom


First Floor Landing


Bedroom One
13' 3" x 8' 10" (4.04m x 2.69m)

Bedroom Two
13' 3" x 7' 7" (4.04m x 2.31m)

Bathroom


Outside
The REAR GARDEN is a particular feature of the property, being far larger than usual and offering a sunny aspect. Laid to lawn with patio area and bounded by stout timber fences, there is also a gate to the parking area.

Agents Note:
Balance Of A 125 Year Lease. 121 Years Remaining.
The Rent Payable At Present Is ?337.01 which includes Maintenance etc.