1 bed Flat For Sale £58,500
Situation Little Cotton Farm is a new community of one, two and three bedroom homes situated on the outskirts of the beautiful town of Dartmouth and nearby South Devon's Area of Outstanding Natural Beauty.
Located nearby beaches, excellent harbours and panoramic walks along the riverside, seaside and countryside, residents will be perfectly positioned to enjoy the best of nature and the excellent amenities which Dartmouth has to offer.
An array of pubs, bistros, excellent schools and a local Sainsbury's are all very nearby. A short walk away from the development is also Dartmouth Leisure Centre, equipped with regular gym activities and an indoor swimming pool.
Homes at Little Cotton Farm will be ready to move into from Summer 2021.
Eligibility & affordability
To qualify for a home at Little Cotton Farm, you'll need to:
Be compliant with the section 106 act meaning you must have a local connection.
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.
To gain further information on these requirements please speak with one of our agents.
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 30% and 50%) 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.
Finacial break down 100% Property value = £195,000
50% Share Value = £97,500
5% deposit Required = £4,875
Monthly Rent on Unowned Equity = £223
Service Charge & Fees pcm = £136
-
30% Share Value = £58,500
5% Deposit Required = £2,925
Monthly Rent on Unowned Equity = £313
Located nearby beaches, excellent harbours and panoramic walks along the riverside, seaside and countryside, residents will be perfectly positioned to enjoy the best of nature and the excellent amenities which Dartmouth has to offer.
An array of pubs, bistros, excellent schools and a local Sainsbury's are all very nearby. A short walk away from the development is also Dartmouth Leisure Centre, equipped with regular gym activities and an indoor swimming pool.
Homes at Little Cotton Farm will be ready to move into from Summer 2021.
Eligibility & affordability
To qualify for a home at Little Cotton Farm, you'll need to:
Be compliant with the section 106 act meaning you must have a local connection.
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.
To gain further information on these requirements please speak with one of our agents.
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 30% and 50%) 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.
Finacial break down 100% Property value = £195,000
50% Share Value = £97,500
5% deposit Required = £4,875
Monthly Rent on Unowned Equity = £223
Service Charge & Fees pcm = £136
-
30% Share Value = £58,500
5% Deposit Required = £2,925
Monthly Rent on Unowned Equity = £313
