Newcourt Edge, 1 Ikea Way, Exeter, Devon, EX2

We are delighted to offer this exciting opportunity of getting onto the property ladder and into a stylish, brand new energy efficient, 3 BEDROOM HOME now available to purchase with the government backed Shared Ownership Scheme.

Plot 111 - The Hazel is a stylish 3 bed, 2 bathroom home with parking, anticipated completion Spring 2025.

The full market value of £395,000 is available to purchase from a 10% to 75% share. Price shown is for a 50% share at £197,500 with a deposit of £9,875.00.

Please note there is a Devon live/work connection requirement at Newcourt Edge - please contact us for more details.

Call now to register your interest.

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.
A fantastic and prime example of a family home boasting great accommodation with modern living in mind. The kitchen/diner is a real feature of this home with integrated appliances; single electric oven, gas hob with splashback and extractor hood. double doors leading to your private enclosed rear garden perfect for entertaining on a summer’s day. To the front of the property you have a light and airy living room, downstairs WC and further storage cupboard. On the first floor you will find three bedrooms including master en-suite, and the stylish family bathroom with full height wall tiling to the bath with shower over and vinyl flooring.

Key Features:
• Three double bedrooms
• Separate lounge
• Cloakroom and storage cupboard
• Energy efficient lighting and efficient combi gas boiler
• PVC-u white windows with energy efficient sealed unit.
• Flooring to kitchen/diner, cloakroom, bathroom & en-suite
• En-suite to Bedroom 1
• Paved patio area & turfed garden
• Electric Vehicle charging point
• Solar Panels
• 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: £395,000
50% share value £197,500
5% deposit: £9,875
Rent charged on un-owned share: 2.75%
Rent on un-owned share (50%) £452.60 pcm
Estimated monthly service charge: £59.39 pcm

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.

Buyers must have a Devon connection, please contact us to discuss exactly what this is.

*Please note, images have been used for illustrative purposes only. Specification, layout and finish may be subject to change.