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Shared ownership
£60,625

2 bedroom flat for sale

Ikea Way, Exeter, Devon, EX2
Featured
New build
EV charger
Added today
Energy efficient
Flat
2 beds
2 baths
640
Added today
Karri - Find out how much you could borrow

Key information

TenureLeasehold | unconfirmed share | 998 yrs left
Council taxAsk agent

Features and description

Plot 19 - 2 bedroom first floor apartment with parking.

Newcourt Edge is an exciting development in Exeter where you can enjoy contemporary living at its best together with fantastic doorstep amenities in this ancient, yet vibrant city.

Apartment 19 - The Sycamore is an impressive 2 bedroomed first floor apartment, offering a spacious open plan living/kitchen/dining area, en-suite to Bedroom 1, integral storage and 1 allocated parking space. This apartment also has the benefit of a balcony.

The full market value of £242,500 is available to purchase from a 10% to 75% share. Price shown is for a 25% share at £60,625 with a deposit of £3,031.25.

Purchasing a new home could not be easier and it makes perfect sense too, with high energy efficiency this home will work just as hard as you do to keep your energy bills low.

KEY FEATURES:

• Spacious open plan Living/Kitchen/Dining
• Integral storage
• 2 Bedrooms
• En-suite to bedroom 1
• 1 allocated parking space
• Balcony
• Energy efficient lighting and efficient combi gas boiler
• PVC-u white windows with energy efficient sealed unit.
• Flooring to kitchen and bathroom
• Electric vehicle charging point
• 10 year build warranty

Newcourt Edge enjoys excellent transport links with the M5 just 10 minutes away, a direct rail service to London Paddington in 2.5 hours and Exeter Airport on the doorstep.
Devon’s capital city has a vibrant, modern feel with a host of independently run shops and places to eat. Exeter itself enjoys a rich, historic past that has gifted the city a wealth of must-see attractions, namely its mysterious Underground Passages, Royal Albert Memorial Museum, Cathedral, Roman wall and historic waterfront.

Great days out might include a flutter at Exeter Racecourse or a meander round the lovely nearby maritime town of Topsham, while further afield you have your pick of beautiful South Devon beaches and the magnificent UNESCO World Heritage Jurassic Coast.
Families can choose from a wide selection of local nurseries and schools, many of which are rated Good or Outstanding by Ofsted.
For active pursuits, head to Exeter’s Quay Climbing centre or Go Ape! at Haldon Forest, where scenic woodland trails can also be explored by foot or bike.

Financial Breakdown:
Full market value: £242,500
25% share value £60,625
5% deposit: £3,031.25
Rent charged on un-owned share: 2.75%
Rent on un-owned share (75%) £416.80
Estimated monthly service charge: £160.00 to include building insurance.

What is Shared Ownership?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 10% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright.
Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Please note, images are of the 3 bedroom show home and are for illustrative purposes only. Specification, layout and finish may be subject to change.

Property information from this agent

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Area statistics

Crime score
Low crime
2/10
Home prices (average)
2 bedroom flats
£216,619

About this agent

Fulfords - Exeter City Centre
Fulfords - Exeter City Centre
Feltrim House 4 Paris Street Exeter EX1 1GA
01392 372938
Full profileProperty listings
Founded in 1863, Fulfords is one of the South West’s oldest property businesses. With multiple branches across Devon and Somerset, we’re known for our deep local knowledge and commitment to delivering a personal, attentive service across sales and lettings. If you're looking for a local agent, get in touch today. 
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