Shared Ownership in Devon

Shared Ownership in Devon

We offer Shared Ownership in Devon. We currently have two developments in Exeter. Look at some of our available Shared Ownership developments in Devon below. Mayfield Gardens has 2 bedroom houses and St. Leonards Quarter will provide a range of 1 and 2-bedroom apartments and maisonettes.

Living in Devon, you’ll find yourself enveloped by areas of outstanding natural beauty and a rugged coastline that stretches for miles. The county offers a contrast of dramatic moorlands like Dartmoor and the rolling hills of the South Hams, where you can roam freely and soak up the peaceful surroundings.

You’ll notice that life moves at a slower pace here. Towns like Exeter, with its historic cathedral and modern amenities, or Plymouth, steeped in maritime history, provide an urban balance to rural living. Both are vibrant yet easy to navigate, offering cultural experiences without the rush of larger cities.

If you adore the seaside, towns such as Torquay in the English Riviera may catch your fancy with their mild climate and leisurely lifestyle. In North Devon, places like Woolacombe offer some of Britain’s best surfing beaches. On weekends, you could explore quaint villages and market towns tucked away in verdant valleys – each with independent shops and cafes serving delicious local produce.

Community is central here; local events from farmers’ markets to annual festivals celebrate Devon’s heritage and tight-knit society. Employment revolves around tourism, agriculture, and maritime industries, but there’s also a burgeoning tech sector in certain hubs.

Take your time when choosing where to live; consider connectivity if commuting is necessary since rural travel infrastructure isn’t as developed as city transport networks. Investing in good rain gear would be wise too – you’ll quickly learn that unpredictable weather is part of Devon’s charm!

St. Leonards Quarter

Coming Soon

St. Leonards Quarter is an upcoming residential development in Exeter due for launch in Summer 2024. Those interested in the latest updates on when these homes become available can register their interest now. The development is conveniently along Topsham Road in the historically rich city of Exeter, Devon, and offers a mix of 1 & 2-bedroom apartments and maisonettes.

18 new-build homes are part of this Shared Ownership scheme, providing a unique opportunity for homebuyers to become part of the St Leonards community. Future residents will enjoy picturesque views towards the River Exe. Construction is currently underway and the development is expected to accept applications by summer 2024, with the aim of completing the first homes by Autumn 2024 and the entire project by Spring 2025.

Key highlights of St. Leonards Quarter include its proximity to Exeter Central Station, being approximately one mile away, and its elevated position that offers stunning outlooks over the River Exe. The central location in Exeter not only provides beautiful riverside paths ideal for walking and cycling but also places residents within a short walk to an array of local amenities such as cafes, pubs, and restaurants like Topsham Brewery. The area is also well-regarded for its excellent schools, adding to its appeal for potential homeowners. Only 18 homes are available in this sought-after location, making it an exclusive opportunity for those seeking a home in Exeter.

Mayfield Gardens

Mayfield Gardens presents an exclusive opportunity to own a two-bedroom house in the sought-after area of Monkerton, near Pinhoe, on the outskirts of Exeter. With starting prices at £116,000, these homes are the last available for Shared Ownership, offering an affordable pathway to homeownership. This development, comprising 250 homes, combines the tranquillity of the countryside with the convenience of city life, thanks to its excellent transport connections.

These last homes provide an ideal setting for individuals, couples, or growing families looking to settle in a picturesque location with the added benefit of being a short drive away from Exeter’s city centre. With Shared Ownership, you can start with a share of 40% to 75% and gradually increase your stake until you own the property outright, often resulting in lower monthly payments than renting.

The remaining properties boast desirable features such as French doors leading to private gardens, allocated parking with some garages available, abundant storage space, and a downstairs W/C. With these final few homes on offer, now is the time to explore this unique chance to join a vibrant and scenic community.

What is shared ownership?

Shared Ownership is a scheme aimed at first time buyers to buy a home and get on the property ladder. This scheme allows you to buy a share of a new home, usually anywhere from 25% to 75%, and pay rent on the remainder, which is owned by a housing provider like Guinness Homes.

When you opt for shared ownership, you only need a smaller deposit and mortgage compared to buying a house outright, making it a viable solution for those priced out of the full housing market, particularly in expensive areas.

In addition to your mortgage and rent, there will usually be a service charge to cover communal area maintenance and overall building upkeep.

Shared Ownership offers the chance to increase your share in the property through staircasing, potentially leading to full home ownership as you buy more shares.

Interested in Shared Ownership homes for sale in Devon?

Can we help? Send us a message or call us on 0300 456 0522.

Check our website regularly for more properties for sale in Devon as they become available.