Loveridge Drive

A fantastic opportunity to purchase a 40% shared ownership interest in this beautifully presented three bedroom terraced home, situated within the sought-after Loveridge Drive development in Exeter. The 40% share is available for an asking price of £120,000, offering an affordable route onto the property ladder while enjoying all the benefits of a modern family home.
To the front, there is private off-road parking for two vehicles with a pathway leading to the entrance door. Inside, a welcoming living room enjoys a front aspect window, useful under-stairs storage and stairs rising to the first floor.
A door leads through to the impressive kitchen/dining room, fitted with a contemporary range of wall and base units offering ample worktop space and storage. Overlooking the rear garden, this room provides an excellent space for everyday living and entertaining. Beyond the kitchen is a practical utility room incorporating a downstairs W.C., with a door providing direct access to the garden.
Upstairs are three well-proportioned bedrooms, including two generous double bedrooms and a larger-than-average single bedroom, ideal as a nursery, home office or guest room. A stylish modern family bathroom completes the first-floor accommodation.
Outside, the enclosed rear garden has been designed for ease of maintenance, featuring a patio seating area leading onto a level lawn. A rear gate provides convenient pedestrian access to the front of the property.


Agents Notes
This property is currently under shared ownership in conjunction with Aster Housing Association who have criteria for any purchase, the advertised price is for the sellers 40% share. £495.34 per month is paid to the Housing Association as rent for the retained share.
Service Charge is £8.43 per month.

Total monthly payment excluding rent: £8.43.
Please contact Aster Housing Association for guidance on purchase requirements.

In addition, Aster Housing Association have advised that they would be prepared to staircase a transaction to 100% Freehold ownership. This would mean that any potential purchaser would buy the vendor's 40% share and the remaining 60% share from Aster Housing Association to enable a Freehold purchase on completion. Your conveyancer will advise with regard to the timescales involved and you should satisfy yourself in regard to lending affordability.

The property is still under NHBC Warranty.

Living Room
Double glazed front aspect window, front door, wall mounted radiator.

Kitchen
Double glazed rear aspect window, wall and base units, work surfaces, space for dining table and chairs, built-in dish washer, oven and gas hob with extractor over, space for fridge freezer, sink unit, under stairs storage, wall mounted radiator.

Downstairs Wc
Low level toilet, wash hand basin, extractor, wall mounted radiator.

Rear Porch
Wall mounted radiator, door to back garden.

Landing
Access to loft.

Bedroom 1
Double glazed front aspect window, two fitted wardrobes, wall mounted radiator.

Bedroom 2
Double glazed rear aspect window, wall mounted radiator.

Bedroom 3
Double glazed rear aspect window, wall mounted radiator.

Bathroom
Bath with mains shower over, low level toilet, wash hand basin, heated towel rail.

Rear Garden
Lawn, patio area, rear gate.

Parking
Off-road parking for two cars.

Agent Note
Under the terms of the Estate Agency Act 1979 (Section 21), please note that the vendor is an Employee of the Connells Group of companies.