Detached house for sale in Old Tram Drive, Roundswell, Barnstaple, Devon EX31

A rare opportunity to acquire a 50% share of this beautiful 3 bedroom detached property, located on the edge of a modern and popular development in Roundswell.

Benefiting from a remainder 10 year NHBC warranty, detached garage with driveway parking, and a landscaped, south facing rear garden. This family home truly ticks the boxes for someone looking for an immaculately presented family home. No onward chain.

Agents note: The property's Leasehold would be shared with Heylo, with the new owner having a 50% share. Any prospective purchaser will be required to meet the requirements as set out by Heylo. Please enquire at the agents office for full details.

Key criteria are can be found below:

Buyers must be at least 18 years old.
- Buyers must have a total household income under £80,000
(£90,000 in London).
- Buyers must meet the Homes England affordability and sustainability
assessments (see the Homes England calculator guidance for
further information).
- Buyers are expected to use any savings and assets towards the purchase
of their home. This may mean selling assets such as bonds, shares, land
and any other financial investments.
- Buyers in receipt of benefits are eligible for Shared Ownership provided
they meet the Homes England affordability assessment (not all benefits
are eligible).
- Self-employed buyers must be able to provide 2-years evidence
of their income.
- Buyers must purchase the maximum share they can reasonably afford within the
parameters of the Homes England calculator.
- Shared owners must be first time buyers or:
- Not currently own a home suitable for their housing needs.
- Sell a home not suitable for their housing needs before buying Shared Ownership..
- Buyers must have a minimum 5% deposit towards the share they are purchasing
- Buyers may retain a portion of their savings to cover the costs of purchase and moving
home (typically up to £5,000). This may include:
- Legal Fees
- Stamp Duty Land Tax where applicable
- Mortgage application fees
- Valuation fees and any associated moving costs<br/>From Barnstaple town centre continue over the Long Bridge and up Sticklepath Hill. Upon reaching The Cedars Inn roundabout turn left and at the next roundabout turn right, signposted to Holmacott and Eastleigh. Continue on this road following the chicanes until you reach the next roundabout. Take the third exit and continue down this road before turning left onto Claypits Road. Continue along and take the fourth right onto Old Tram Drive, and then take the next left then left again where the property will be found on your left, displaying a number plate and Webbers for sale board.

Entrance Hall

Kitchen (3.23m x 2.77m)

Living Room/Diner (4.8m x 4.72m)

First Floor

Bedroom 1 (3.53m x 2.72m)

En Suite Shower Room

Bedroom 2 (2.57m x 2.57m)

Bedroom 3 (2.46m x 2m)

Bathroom

Single Garage

Tenure

Leasehold (Share of freehold) 125 year lease commencing December 2019
The new owner will own a 50% share. Any prospective purchaser will be required to meet the requirements as set out by Heylo. Please enquire at the agents office for full details

Ground Rent

We have been advised £410.86 per calendar month payable to Heylo

Services Charge

We have been advised £14.00 per calendar month for the upkeep of communal areas

Services

All mains services connected

Viewing

Strictly by appointment with the sole selling agent

Council Tax Band

D - North Devon District Council