Shared ownership at Northfield Lane, North Devon, EX31 1AN

Northfield Lane

Northfield Lane, Barnstaple, EX31 1AN

For salenew home
Shared ownership
Live from space album cover

from

£225,000

2 bedroom

from

£295,000

4 bedroom

Register interest

from £56,250

with min. deposit £2,813

£56,250

2 bedroom Semi-detached house

£73,750

4 bedroom Semi-detached house

Availability

For sale

For sale

Minimum share

25%

25%

Full market price

£225,000

£295,000

Deposit from

£2,813

£3,688

Monthly service charge

-

£38.5

Bedrooms

2

4

Bathrooms

1

1

Reception rooms

1

1

Furniture status

unfurnished

unfurnished

Floor area

78

103

Number of floors

2

2

Entrance floor

Ground floor

Ground floor

Tenure

leasehold

leasehold

Property features

Central heatingDouble GlazingOff street parking
Central heatingDouble GlazingOff street parking

EER Current

8485

EIR Current

8687

Overview

Northfield Lane is a new development located in the bustling medieval town of Barnstaple comprising of two and four-bedroom houses.Now available with a 25% share!The houses at Northfield Lane have been designed to the highest standard featuring a clean, contemporary style. These homes offer a well-equipt Symphony kitchen fitted with A-rated appliances, a spacious living room with access to the rear garden and luminous bedrooms. In addition outside the property, there are two parking bays available. Shared Ownership at Northfield Lane represents a chance to enjoy the security and stability of owning your own home, at a cost that suit...

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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