2 bed terraced house for sale

Willow Drive, Uffculme, Cullompton, Devon EX15

Shared ownership two bedroom house available to purchase from a 35% share from £87,500 with a minimum 5% mortgage deposit of £4375. Call today to arrange your appointment to view.

An exciting opportunity to buy a shared ownership home at Oakleigh Gardens, available to those with a local connection. The development is located in Uffculme which is a fantastic Mid Devon village with schools, shop and local amenities, making this property perfect for young families.

If you’re looking to step on to the property ladder, this could be the opportunity for you.

8 Willow Drive offers spacious accommodation with the added benefit of an enclosed rear garden and off-street parking for two cars. The accommodation comprises a spacious sitting room, a modern fitted kitchen dining room with access into the garden, a separate utility room and cloakroom. On the first floor there are two good-size double bedrooms, and a family bathroom with white suite.

The property benefits from uPVC double glazing throughout, and gas central heating.

Services: Mains electricity, gas, water and drainage.
Council Tax: Band B - Mid Devon District Council.
Tenure: Leasehold
Lease Term: 125 Years from 01/07/2019

Full Market Value: £250,000
35% Share Price: £87,500
Rent on un-owned share £296.07 pcm
Estimated estate charge £13.95 pcm

You may purchase a higher share should you qualify to.

*The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.

Eligibility: To assess your eligibility, you'll need to register with a Help to Buy agent. You can apply to buy the home if both of the following apply:
• your household income is £80,000 or less
• you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:
• you're a first-time buyer
• you used to own a home but cannot afford to buy one now
• you're forming a new household - for example, after a relationship breakdown
• you're an existing shared owner, and you want to move
• you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase. As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Contact Fulfords today for more information on the Local Connection Criteria.