Beech Road, Cranbrook, Exeter

This 2 bedroom end terraced property comes to the market for a 40% share of just £96,000. Upon entering the property you will find an entrance hall that leads you forwards into the lounge which is situated at the rear of the property looking out to the garden. On the left of the entrance hall you will find the kitchen dining room which is a bright and airy room consisting of a built in electric oven and hob with space for both a washing machine and fridge freezer. On this floor you will also find a convenient downstairs WC.

Upstairs, there are two comfortable double bedrooms and a family bathroom. In the bathroom there is a fully tiled bath with shower over head, toilet and wash basin.

The primary bedroom benefits from a storage cupboard and a nook for a wardrobe as well as two windows allowing lots of light into the room. The secondary bedroom is also a large double room with plenty of space for bedroom furnishings.

Outside, the garden is larger than most with lawn and a small paved area leading to the side access. To the right of the property is the parking which consists of 1 space.

Tenure - Leasehold

Share Ownership Information -

The share purchase price is calculated using the full market value and the percentage share purchased.
If you buy a 40% share, the share purchase price will be £96,000 and the rent will be £334.66 a month.
Your annual rent is calculated as 2.79% 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 All resales properties will have been subject to annual rent increases, which mean that the rent no longer represents a percentage of the retained equity.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 £6.58
Estate charge £0.00
Buildings insurance £14.97
LiveWest Management Charge £0.00
Reserve fund payment £3.00
Total monthly payment excluding rent £24.55
(these are subject to change during the purchase process)
Reservation fee - £500.00

Local Area Connection -
An eligible person means a person who is in need of Affordable Housing and who has a strong location connection
with the administrative area of East Devon District Council or Exeter City Council (priority will be given to
applicants with a local connection to the East Devon District) and who satisfies one or more of the following
criteria .
- The person is currently resident in the area
- The person is currently employed in the area
- The person needs to live in the area to take up firmly committed employment
- The person has close family living in the area (i.e. mother, father, daughter, son,sister, brother).
- The person has been resident in the area for at least five of the last ten years.
This information has been taken from the Section 106 Agreement which is a planning condition.

In accordance with our legal and regulatory obligations, all vendors and purchasers are required to complete appropriate Anti-Money Laundering (AML) and identity verification checks before proceeding with a property transaction.

A fee is payable for the completion of these checks:
- Vendors: £25 + VAT per person
- Purchasers: £36 + VAT per person

The applicable fee is payable when the AML verification process is requested and covers the cost of carrying out the required identity and AML checks. Additional checks may be required where necessary to satisfy our legal and regulatory obligations.

Please note that payment of the AML verification fee does not guarantee that a transaction will proceed and does not form part of our estate agency commission.