Pengelly Close, Kingsteignton, Newton Abbot, Devon, TQ12

Apply now and unlock your home buying potential with Shared Ownership.

Available to purchase at a 50% share for £157,500 with a min 5% deposit. (Full market value £315,000).

Financial Breakdown:
Full market value: £315,000
50% share value £157,500
5% deposit: £7,875
Rent charged on un-owned share: £451.61 including service charge and ground rent
Rent on un-owned share (50%)

Situated in the peaceful residential cul-de-sac of Pengelly Close, in the ever-popular town of Kingsteignton, this beautifully presented three-bedroom semi-detached home is available on a shared ownership basis, offering an excellent opportunity for buyers to step onto the property ladder in a sought-after location.

Upon entry, you’re welcomed by a bright entrance hallway with a convenient downstairs W/C. At the front of the property, a modern, well-appointed kitchen offers ample cupboard and worktop space, finished in a contemporary style. Flowing through from the kitchen via double doors is a spacious lounge/diner, ideal for relaxing or entertaining, with patio doors leading to the rear garden and a handy under-stairs storage cupboard.

Upstairs, the home comprises three bedrooms, including a main bedroom with en-suite shower room, and a further well-finished family bathroom serving the remaining two rooms, ideal for families or guests.

Externally, the property boasts a private driveway, a generously sized rear garden perfect for outdoor enjoyment, and rear access to a garage, which also features direct access into the garden.

This home offers a fantastic blend of space, style, and location, perfectly suited for first-time buyers or those looking to settle in a friendly, well-connected neighbourhood.

Is Shared Ownership right for me?
- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property
… then Shared Ownership could be right 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 us 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.