Shackleton Walk, Teignmouth, TQ14

A superbly presented modern two-bedroom end of terrace shared ownership home situated in a popular development on the edge of Teignmouth. The property boasts characterful split level accommodation with vaulted ceilings, central heating, double glazing and easy to maintain gardens, along with allocated parking. Offered for sale on a 35% shared ownership. Shackleton Walk is a desirable cul de sac on the edge of the popular coastal resort of Teignmouth which is a thriving seaside resort offering a wide selection of shops, schools, restaurants, supermarkets and leisure facilities. There is a glorious seafront with beach, promenade, pier and theatre, am open area where activities are held, known locally as the Den. There is a mainline railway station and good access to neighbouring towns and cities.

ENTRANCE HALL

Radiator, under stairs storage cupboard with radiator and fuse box.

WC

Radiator, pedestal wash hand basin, low level WC with eco flush, obscure double glazed window to front aspect.

KITCHEN

Fitted with a range of matching wall and base units with integrated electric oven, gas hob and extractor hood over, space and plumbing for washing machine and fridge freezer, space for table and chairs, wall mounted gas combination boiler, radiator, uPVC double glazed window to front aspect.

Stairs rise to the…

LIVING ROOM

With uPVC double glazed window to rear aspect and French style uPVC double glazed doors leading onto the rear garden. TV aerial point, telephone point, two radiators.

Stairs rising to…

LOWER LANDING LANDING

With uPVC double glazed window to side aspect, radiator.

BATHROOM

Obscure double glazed window to the front aspect, wash hand basin, radiator, bath with electric shower over, extractor fan, shaving socket.

BEDROOM TWO

A light an airy room with high ceilings. uPVC double glazed window to front aspect, radiator.

Stairs leading to

UPPER LANDING

Cupboard housing hot water tank. Door leading into the…

MASTER BEDROOM

A super king size room with two uPVC double glazed windows to front aspect, radiator, access to loft space.

OUTSIDE

To the side of the property there is an OFF ROAD PARKING SPACE and a front garden which is mainly laid to lawn. The rear enclosed garden has an area of patio and decking for ease of maintenance with a gate giving access to the side and a very useful storage shed.

The property benefits from having hot water solar panels fitted to the roof.

DISCLAIMER

The property has the benefit of Solar Photovoltaic panels and prospective purchasers should take appropriate legal advice with regards to the ownership, feed in tariff payments and any third party agreements that may be in place.

AGENTS NOTE: Applicants must have a local connection. Speak to agent for further details.

FURTHER INFORMATION:

Share Purchase Price and Rent Examples:

The share purchase price is calculated using the full market value and the percentage share purchased.

If you buy a 35% share, the share purchase price will be £94,500 and the rent will be £346.93 a month.

Your annual rent is calculated as 2.37% of the remaining share of the full market value owned by the landlord.

Please note that the rent is only calculated as a percentage of the retained equity when the lease is granted. All resale properties will have been subject to annual rent increases, which mean that the rent no longer represents a percentage of the retained equity. Further details of the rent review periods and calculations are contained within this document.

All figures are subject to change.

Monthly payment to the landlord:

In addition to the rent above, the monthly payment to the landlord includes:

Service charge £10.05

Estate charge £0.00

Buildings insurance £14.97

LiveWest Management Charge £0.00

Reserve fund payment £0.00

Total monthly payment excluding rent £25.02 (these are subject to change during the purchase process)

Reservation fee £500.00

You’ll need to pay a reservation fee to secure your home. When you pay the fee, no one else will be able to reserve the home. If you complete on the purchase of your home, the reservation fee will be added to your rent account. If you or the seller withdraw from the sale the £500 will be refunded.

Tenure: Leasehold

Lease type: Shared ownership house lease

Lease term: 99 years from and including 1 January 2010 (82 unexpired years remaining correct as at 7 April 2026) For more information, see section 2.7, ‘Lease extensions’, in the ‘Key information about shared ownership’ document.

Rent review: Your rent will be reviewed each year by a set formula using the Retail Prices Index (RPI) for the previous 12 months plus 0.5%.