This superb modern home is available to buy from as little as £190,000 with a 50% share!
A well proportioned detached family home, situated in a quiet residential location within the popular Torbay area of Devon. The property offers generous and versatile accommodation arranged over two floors, ideal for modern family living. On the ground floor, the home features a spacious reception room with plenty of natural light, a large kitchen/dining room well suited to everyday use and entertaining, a convenient ground-floor WC, and access to an integral garage/utility room providing excellent storage and practicality. Upstairs, the first floor comprises four bedrooms (bedroom one with en suite) along with a family bathroom. Outside is a driveway providing off road parking in front of the garage and an enclosed rear garden.
The property is located in Paignton, a sought after coastal town known for its beaches, parks and family friendly atmosphere. Paignton offers a wide range of everyday amenities including supermarkets, local shops, cafés, restaurants and leisure facilities. The town centre and seafront are easily accessible, with Paignton Beach, Goodrington Sands and the picturesque Paignton Green providing excellent outdoor and recreational opportunities. The area is also well served by a selection of primary and secondary schools, making it particularly appealing to families.
Paignton benefits from strong transport connections, with Paignton railway station providing direct services to Torquay, Newton Abbot and Exeter, as well as onward connections to the wider national rail network. Road links are convenient via the A380, offering access to Torquay, Newton Abbot and the M5 motorway. Regular bus services operate throughout Torbay, ensuring easy travel across the region.
PRICING & AFFORDABILITY
Full Market Value: £380,000
50% Share Price: £190,000 (rent £528.81pcm)
Minimum 5% Mortgage Deposit (50% share): £9,500
Approximate Service Charges: £27.51pcm*
Lease: 118 years remaining
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
