4 bed detached house for sale

Bay View Road, Northam, Bideford, Devon EX39

*four bedroom detached home on shared ownership with A 5% deposit of just £12,000*
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Discover a collection of expertly designed 3 to 4 bedroom new homes at Bay View, our sought-after new housing development in Northam.

Situated on top of a hill looking out towards Barnstaple Bay, our 5* new homes offer some of the most exquisite views in Devon.

Deally located on the North Devon coast, these highly desirable new homes offer an idyllic lifestyle, close to the beach, the town centre and a short drive from bustling Barnstaple.

Whether you're a first-time buyer, a family looking for a generous new home or simply want to downsize, our new build homes for sale in Northam are simply breath taking.

The Elm range of homes are as unique as you are, this 4-bedroom detached home is spread over 3 floors. Starting with a separate living space on the lower ground floor with access to the rear garden via French doors. There is also a separate access to the street level from the garden.

On the ground floor, you will find an open plan kitchen/diner with access to a beautiful balcony overlooking the garden.

Upstairs, you will find the primary bedroom with ensuite, two further double bedrooms and a single bedroom which could be used as a nursery or office space.

With this home, you will also benefit from an integral garage and parking for two cars.

Financial Breakdown:
Full market value: £480,000
50% share value: £240,000
5% deposit: £12,000
Monthly Rent on un-owned share (50%) £550

*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.

Is Shared Ownership right for me?
- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property
... Then Shared Ownership could be right for you!

How does Shared Ownership work?
You buy a share in your home that’s right for you. That could be from 25% up to 75% initially. You’ll pay a reduced rent to us on the share we own and a monthly service charge.

As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.

Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.

Shared Ownership generally costs less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

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.

Disclaimers
o Rent on the unsold share is charged at 2.75% for the first year. For exact costings, please speak to an independent financial or mortgage advisor.
O Deposits start from 5% of your chosen share value, illustrated deposit only and depends on lender and product availability.
O Share percentage advertised is an example. Typically shares up to 75% are available depending on your affordability. Please speak to a member of team for more information
o Please note images used in this listing are for illustration purposes and are not exact to the property.