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Shared Ownership 2 Bedroom Houses in Devon
Willow Heights offers a range of two-bedroom houses, available with a minimum 30% share through Legal & General’s Affordable Homes Shared Ownership scheme – ideal for young families and those looking to downsize. Each property has been designed for sophisticated modern living, with spacious interiors featuring a contemporary Symphony kitchen fitted with the latest A-rated appliances. These properties also benefit from a turfed garden and patio area as well as two parking bays.
Key features:
• Integrated appliances
• Good quality flooring
• Allocated parking for two cars
• Paved patio area
• Turfed garden
• LABC 12 year warranty
Price breakdown:
Minimum share: 30%
Minimum share value: £52,500
Full market value: £175,000
Estate service charge per year: £554
Monthly rent on un-owned share: £281
What is Shared Ownership?
Shared Ownership is a more affordable way to have the security and stability of owning your own home. Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. The scheme enables buyers to purchase a share of the value of the home – this is usually between 25 to 75 percent of the value of the property – and pay a subsidised rent on the remaining portion. You have the option to buy a bigger share in the property at a later date (known as Staircasing).*
Eligibility criteria:
To be eligible for a home at Willow Heights, you’ll need to:
• Have a gross household income of no more than £80,000 per annum
• Be unable to purchase a suitable home to meet your housing needs on the open market
• Not already own a home or you will have sold your current home before you purchase
If you don’t meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.
The images shown are indicative and intended to act as a guide only.
