Ladywell Meadows, Chulmleigh, Devon, EX18

Situated on the popular Ladywell Meadows development in Chulmleigh, this well-presented two-bedroom terraced home was built approximately eight years ago by Devonshire Homes and would make an ideal first-time purchase, investment or home for those looking to downsize. Conveniently located close to Chulmleigh's well-regarded schools, the property also benefits from air source heat pump central heating.

The accommodation is thoughtfully arranged and comprises an entrance hallway with a cloakroom/WC, a fitted kitchen with window to the front elevation, and a spacious lounge/dining room with a useful understairs storage cupboard and double doors opening onto the rear garden. On the first floor are two generous double bedrooms together with a modern family bathroom.

Outside, the property enjoys a level, enclosed rear garden, laid mainly to lawn with a patio seating area and a useful storage shed. A parking space is located within the nearby parking area, adjacent to the garden, providing convenient off-road parking.

SHARED OWNERSHIP INFORMATION:

Eligibility & Local Connection: The purchase is subject to LiveWest's Shared Ownership eligibility and affordability criteria, including a maximum household income of £80,000 per annum. For this sale, the local connection criteria has been extended to the whole of Devon.

Full Market Value: £220,000

40% Share Price: £88,000

Landlord: LiveWest Homes Limited

Rent: £285.48 per month (as of 1 April 2026), payable on the remaining share and subject to annual review.

Additional Monthly Charges:

Service Charge – £18.81
Buildings Insurance – £14.97
Reserve/Sinking Fund – £1.62
Total – £35.40 per month

Additional charges stated as of 1 April 2025 and subject to change.

Tenure: Leasehold – Shared Ownership House Lease. 125 years from 1 July 2017.

Staircasing: Further shares can be purchased up to 100% ownership, at which point the freehold will transfer in accordance with the lease.

Eligibility & Local Connection: Purchase is subject to LiveWest's Shared Ownership eligibility and affordability criteria, including a maximum household income of £80,000 per annum. For this sale, the local connection criteria has been extended to the whole of Devon.

Reservation Fee: £500 payable to LiveWest.
We have been advised The fee will be credited to the purchaser’s rent account on completion and refunded if either the purchaser or seller withdraws from the sale.

Please note that some photographs have been enhanced using artificial intelligence (AI) for marketing purposes. No material features of the property have been altered.
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