2 Bed Flat For Sale

An exciting opportunity to get on the property ladder and into a fantastic 2 bedroom ground floor apartment with Shared Ownership.

Meadow Acre Road – This apartment is move in ready, 2 double bedrooms, fully fitted kitchen and 1 off street PARKING SPACE.

Available to purchase at a 45% share for £78,750 with a 5% deposit of under £4000. (Full market value £175,000).

The accommodation comprises a popular U-shaped kitchen providing plenty of storage and worktop space, whilst also maximising the dining area, offering the best of open-plan living.
The well-proportioned, south facing garden is accessible through French doors in the dining area, seamlessly linking inside with out.
The large, bright living room is the perfect space for relaxing or entertaining guests, plus there’s a downstairs WC and under stair storage. There are 2 excellent bedrooms and a stylish bathroom suite – bedroom 1 is spacious and light, bedroom 2 is a bright double bedroom and suitable for many uses, including child or guest bedroom or home office.
The property also benefits from a Garage and 1 off-street parking space.

Features
• Well-positioned, ground floor apartment
• Fitted Integral storage
• Fitted kitchen including integrated oven, hob, and extractor hood
• 1 off-street car parking space
• Carpets & vinyl flooring throughout
• 2 Double Bedrooms

Financial Breakdown:
Full market value: £175,000
45% share value £78,750
5% deposit: £3937.50
Rent charged on un-owned share: £269.04 PCM
Estimated monthly service charge: £101.63 PCM

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.

Shared Ownership homes, ideal for growing families and first time buyers alike.
You’ll have access to good local amenities including supermarkets and a primary school.
Honiton Town centre is minutes away providing a great selection of education, retail, employment, sport, and leisure opportunities.

Fulfords are the official selling agents for Sovereign Network Group (SNG) who are a leading provider of affordable homes, delivering around 2,400 new homes each year across the south of England, helping thousands of people take their first or next step on the property ladder. SNG’s Homes and Place standard leads the way on setting the very highest standards for affordable homes and great places to live, and underpins their investment into building new homes.