Magdalene Way, South Molton
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 2 Bedrooms
- Mid Terraced
- Private Driveway
- Below Market Value
- 68% of Market Value
- Section 106 Agreement
- 360 Virtual Tour Available
Description
PLEASE NOTE: This property is a Discounted Sale property subject to a Section 106 agreement, meaning an Affordable Dwelling Unit where 100% of the equity is to be sold at a Discounted Price. All subsequent sale prices of the property are to be a fixed percentage (68%) of the Open Market Value at the time of the sale.
All subsequent sales prices to be 68% of the Open Market Value of the property at the time of sale, subject to North Devon Council approval.
- The current Open Market Valuation (OMV) is agreed to be £226,667
- The Discounted Sale Price shall not exceed £154,134
- Potential buyer(s) must be in Housing Need and must meet the Occupation requirements
- The Affordable Dwelling can only be occupied as a sole or main residence. It cannot be rented or a second home.
27 Magdalene Way is a smart modern two bedroomed semi-detached with an attractive enclosed south facing rear garden and ample driveway parking. The property is located within a small collection of properties known as Magdalene Way forming part of the popular Honeymead Meadow development enjoying easy access to the town amenities.
Inside this well appointed home, is an entrance hall, living room, open-plan kitchen/dining room, cloakroom, two double bedrooms and a bathroom on the first floor. The property also benefits from double glazing, a gas fired central heating system and designed to be energy efficient.
The delightful rear enclosed south facing garden is paved with sandstone and benefits from a gated rear access to the driveway. For layout and approximate room measurement please see the enclosed floorplan. Virtual Tour Available.
THE AREA
South Molton itself offers an excellent range of everyday services including shops, schools, restaurants, and bank, together with a Sainsbury's supermarket, health centre, recreational facilities and cottage hospital. The town also enjoys a traditional country pannier market twice weekly.
SERVICES & OUTGOINGS
The property is connected to all mains services
North Devon Council - Band B (approx. £1,862 per annum)
EPC Rating - B
Annual Service Charge - Currently ranges between £20-£200 per annum.
Tenure - Freehold
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DIRECTIONS
From South Molton head west on the B3227 (Nadder Lane) leaving the town. Continue to the third roundabout and turn left into Honeymead Meadow. Take the first left turning and the property is on the right hand side.
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360 VIRTURAL TOUR AVAILALBE
IMPORTANT NOTICE
These sale particulars have been prepared as a general guide. They must not be relied upon as statements of fact. We have not carried out a detailed survey, nor tested the services, heating systems, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. If there are points which are of particular importance to you, please make contact prior to viewing the property. To the best of our ability we try to represent the property accurately and honestly. A purchaser must make sure they are satisfied with the property before agreeing to proceed.
A Property Information Questionnaire & Title Register are available to prospective purchasers before committing to proceed with a purchase. We are not legal experts, and you must seek and be guided by your own legal advice. Talk to us if there are any questions or concerns relating to the property.
COPYRIGHT © 2025 MICHAEL ADEY PROPERTY
Council Tax Band: B (North Devon Council)
Tenure: Freehold
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Driveway
- GARDENA property has access to an outdoor space, which could be private or shared.
- Rear garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Magdalene Way, South Molton
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About Michael Adey Property, South Molton
106 East Street, South Molton, EX36 3DB
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Visit our security centre to find out moreDisclaimer - Property reference RS0519. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Michael Adey Property, South Molton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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