£88,750 /Sale price

* SHARED OWNERSHIP PINHOE - CONTACT US NOW *Discover our superb collection of energy efficient 1-Bedroom new build homes for sale in Pinhoe, Exeter available to purchase with a 5% deposit of just £4,437.50! Contact us today to discover more about owning one of these stunning range of new build shared ownership homes in Exeter.The Sullivan An impressive 1-Bedroom first floor maisonette with one parking space and your own front door which, also features the EON District Heating System! Available to purchase at a 50% share for £88,750 with a 5% deposit of £4,437.50. (Full market value £177,500). Please note that there is a is a local connection requirement to East Devon for this property (Living/working connection or close family living in the East Devon area), further details upon request and financial assessment.These homes are considered ideal for first time buyers or, those looking to downsize to a delightful spacious maisonette. The home features your own front door to a small lobby with stairs rising to the main entrance lobby with useful storage cupboard. From here you will discover the open plan living/dining/kitchen area and then in turn the main dual aspect bedroom. There is a separate family bathroom/WC which is well finished.The open plan living area has an abundance of natural light, and the delightful kitchen area is well planned with a contemporary range of units.Features 1 Bedroom Open Plan Living / Kitchen area New Homes Warranty Storage Cupboards 1 Parking Space Carpets & vinyl flooring throughoutFinancial Breakdown:Full market value: £177,50050% share value £88,7505% deposit: £4,437.50Rent charged on un-owned share: 2.75%Rent on un-owned share (50%) £203.39pcmMonthly service charge: £??? (Estate Charge £120 per annum included)Shared Ownership ExplainedAs long as you are over 18 and, you have a household income less than £80,000 plus, you don't already own a home at the time of buying your shared ownership property then Shared Ownership could be 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 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.Local AreaThese homes are located on the very popular Pinn Court development in Pinhoe. The Devon countryside around these new homes is among the best-loved in England for walks, cycling and exploring, with a host of picturesque villages and country pubs. The sheltered, sandy South Devon beaches are around ten miles away, while the equally stunning North Devon coast, perfect for surfing and clifftop walks, is about 1.5 hours away. Commuting into the City centre itself is well planned and with an abundance of educational facilities nearby living in Pinhoe makes perfect sense.About New Arch HomesSince their formation in 2014, New Arch Homes have pursued their core purpose: providing affordable homes for those who need them. With ambitious plans to rapidly expand their portfolio to provide high quality homes across the country.They selectively partner with experienced Housing Associations who manage and maintain their properties to the highest of standards who, work alongside them to provide exceptional service to their customers. New Arch Homes is regulated by the Regulator for Social Housing.Their goal is to build homes to the highest quality and energy efficiency standards. This means that their homes cost less to heat, and that the ongoing operation of our homes has a lower impact on the environment.There are plans for a significant number of our homes to be suitable for the needs of older people, with designs that can be easily adapted to meet the needs of older age. This includes homes which can be easily adapted for wheelchair use. New Arch Homes is funded through long-term investment from investors who are motivated to deliver good quality housing. This investment is managed by Octopus Investments Ltd and this well-known brand also manage New Arch Homes on a day-to-day basis.*Please note, images have been used for illustrative purposes only. Specification, layout and finish may be subject to change. These homes are subject to a live/work connection and financial qualification will be required. Please contact us for further information.