Ikea Way, Exeter, Devon, EX2

Purchase this home with a deposit of just £4,000!

We are delighted to offer this exciting opportunity of getting onto the property ladder and into a stylish, brand new energy efficient, 2 BEDROOM HOME now available to purchase with the government backed Shared Ownership Scheme.

Plot 125, The Cherry is a beautifully designed two-bedroom home, ideal for first time buyers and small families.

On the ground floor, you'll find a spacious living room, a convenient downstairs WC, and a stylish kitchen/diner. The kitchen/diner is perfect for entertaining, featuring French doors that lead directly to the garden, filling the space with natural light. There is also a handy storage cupboard under the stairs.

Upstairs, the first floor offers two well-proportioned bedrooms with a handy storage cupboard to bedroom 1. A modern family bathroom, complete with a shower over the bath.

This home also benefits from a private turfed garden and one allocated parking space.

As with all Places for People homes, The Cherry is built to a high-quality specification and premium finish. It features a Moores kitchen, Indesit appliances, and beautifully tiled bathrooms. For more details, please see the full list of specifications.

The full market value of £320,000 is available to purchase from a 10% to 75% share. Price shown is for a 25% share at £80,000 with a deposit of £4,000.

Call now to register your interest.

Key Features:
• Two double bedrooms
• Kitchen/diner with patio doors leading to garden
• Separate lounge
• Cloakroom and understairs storage cupboard
• Energy efficient lighting and efficient combi gas boiler
• PVC-u white windows with energy efficient sealed unit.
• Flooring to kitchen/diner, cloakroom, bathroom & en-suite
• Paved patio area & turfed garden
• Electric Vehicle charging point
• Solar Panels
• One off road parking space
• 10 year build warranty

Newcourt Edge enjoys excellent transport links with the M5 just 10 minutes away, a direct rail service to London Paddington in 2.5 hours and Exeter Airport on the doorstep.
Devon’s capital city has a vibrant, modern feel with a host of independently run shops and places to eat. Exeter itself enjoys a rich, historic past that has gifted the city a wealth of must-see attractions, namely its mysterious Underground Passages, Royal Albert Memorial Museum, Cathedral, Roman wall and historic waterfront.

Great days out might include a flutter at Exeter Racecourse or a meander round the lovely nearby maritime town of Topsham, while further afield you have your pick of beautiful South Devon beaches and the magnificent UNESCO World Heritage Jurassic Coast.
Families can choose from a wide selection of local nurseries and schools, many of which are rated Good or Outstanding by Ofsted.
For active pursuits, head to Exeter’s Quay Climbing centre or Go Ape! at Haldon Forest, where scenic woodland trails can also be explored by foot or bike.

Financial Breakdown:
Full market value: £320,000
25% share value £80,000
5% deposit: £4,000
Rent charged on un-owned share: 2.75%
Rent on un-owned share (75%) £550.00 pcm
Estimated monthly service charge £50.00 pcm to include Buildings Insurance.

What is Shared Ownership?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 10% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright.
Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Buyers must have a Devon connection, please contact us to discuss exactly what this is.

*Please note, images have been used for illustrative purposes only and may not be of exact house type displayed. Specification, layout and finish may be subject to change.