£136,000
(£140/sq. ft)
3 bed semi-detached house for saleSomerville Crescent, Exeter EX2
3 beds
1 bath
1 reception
970 sq. ft
About this property
Semi-Detached family home
Three Bedrooms
Modern Kitchen/Diner
Spacious Living Room
Family Bathroom and Cloakroom
Available through Shared Ownership
Close to Local Amenities
Excellent Transport Links
Can be Bought at 100%
Rent for 40% Ownership: £398.89
A modern three-bedroom semi-detached family home | shared ownership available at 40% or the option to purchase at 100% ownership
Situated in a convenient location, this modern three-bedroom semi-detached family home, built in 2016, offers well-presented accommodation ideally suited to first-time buyers, young families and those looking to get onto the property ladder.
The property benefits from a spacious living room, a modern kitchen/diner providing an excellent space for both everyday living and entertaining, three bedrooms, a family bathroom and a useful downstairs cloakroom. Further benefits include gas central heating via a combi boiler and the added appeal of a relatively modern build.
The property is available through a Shared Ownership scheme, offering the opportunity to purchase a 40% share, with the option to purchase the property outright at 100% ownership.
Shared Ownership Information:
40% Share Available
Option to Purchase at 100% Ownership
Rent Payable on 40% Share: £398.89 per month
Remaining Lease Term: Approximately 114 years
Share Purchase Price, Monthly rent:
40% £136,000, £398.89 pcm
50%, £170,000, £332.41 pcm
60% £204,000, £265.93 pcm
70% £238,000, £199.44 pcm
75% £255,000, £166.20 pcm
Conveniently positioned close to local amenities and benefiting from excellent transport links, the property provides easy access to the surrounding areas and Exeter city centre.
An excellent opportunity to purchase a modern family home through Shared Ownership, with the flexibility of purchasing the full 100% ownership if preferred. Early viewing is highly recommended.
In accordance with our legal and regulatory obligations, all vendors and purchasers are required to Complete appropriate Anti-Money Laundering (aml) and identity verification checks before proceeding with a property transaction.
A fee is payable for the completion of these checks:
•Vendors: £25 + VAT per person
•Purchasers: £37.50 + VAT per person
The applicable fee is payable when the aml verification process is requested and covers the cost of carrying out the required identity and aml checks. Additional checks may be required where necessary to satisfy our legal and regulatory obligations.
Please note that payment of the aml verification fee does not guarantee that a transaction will proceed and does not form part of our estate agency commission.
Mortgage calculator
£680 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (114 years)
Service charge
Council tax band
C
Ground rent
Ground rent date of next review
Shared ownership percentage owned
40%
Shared ownership rent
£399 per month



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