Montbray

2 - 4 bedroom homes in Montbray, Barnstaple, EX31 3XD, EX31 3XD

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £81,000 for 50% share
Full price from £162,000
Min deposit from £4,050
Monthly rent from £186
Bedrooms 2-4
Bathrooms 1 - 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Montbray, Barnstaple is made up of 2, 3 and 4 bedroom apartments / houses now available on part buy - part rent. 

Local area information

Close to the town centre and enclosed in beautiful countryside, this distinctive development will feature a range of brand new contemporary homes, built to a high specification, as well as public open space. Linden Homes are creating an exclusive new development of stunning 2 bedroom apartments as well as 2, 3 & 4 bedroom family houses for sale in Barnstaple in a truly beautiful setting.

Close to the River Taw Estuary, and leading to WestWard Ho!’s award winning beach, this perfectly placed development will provide a rare opportunity to live in a beautiful part of the south west. These Properties for sale in Barnstaple benefit from a wide range of amenities, including a train station, good schools, a district hospital, the Queen's theatre, museums and art galleries, shops, bars and restaurants.

Status Plot No. Floor Beds Min share price Eligibility
Available Feniton - 2 bed 719 2 £81,000 View details
Available Tulip - 4 bed 1120 4 £140,400 View details

FAQ's

Min share price from: £81,000 for a 50% share
Full price from: £162,000
Minimum deposit from: £4,050
Bedrooms: 2
Bathrooms: 1

There are 2 available ranging from £81,000 for a 50% share to £140,400 for a 50% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Montbray

2 - 4 bedroom homes in Montbray, Barnstaple, EX31 3XD, EX31 3XD

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £81,000 for 50% share
Full price from £162,000
Min deposit from £4,050
Monthly rent from £186
Bedrooms 2-4
Bathrooms 1 - 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes