Tithecott Way
- Air source heat pump
- Shares available from 25% to 75%
- Driveway for two vehicles
- Ev charger
- Integrated kitchen appliances
- Flooring throughout
- Years remaining: 0 years
- Current ground rent: Contact branch
- Ground rent review period: Contact branch
- Annual service charge: £683
- Ground rent increase: Contact branch
- Share sold: 25%
- Rent payable: £524 per month
Council Tax Band: TBC
Tenure: Leasehold
Shared Ownership:
The Eveleigh is a stunning 3-Bedroom semi-detached family home with a good-sized living room, with French doors leading out to the private rear garden. There is a roomy kitchen/dining area and useful downstairs cloakroom/WC.
Upstairs the Master Bedroom benefits from having an ensuite. There are two further good size Bedrooms and a sumptuous Family Bathroom/WC. Outside you will find a private rear garden and in addition this home has a driveway for 2 vehicles.
Financial Breakdown
Full market value: £305,00025% share value: £76,250
5% deposit: £3,812.50
Rent charged on un-owned share: 2.75%
Monthly Rent on un-owned share (75%) £524.22
Estimated monthly service charge £56.93 pcm to include building insurance.
About Bay View
The Bay View new homes development is located on the stunning North Devon coast with, an exciting development of 3 and 4 bedroom homes, ideally suited to couples and families alike.Our new homes in Northam have been thoughtfully designed to complement their surroundings—modern in style yet perfectly in keeping with the area’s traditional charm. If you’ve dreamed of life by the sea, our Bay View development offers a coastal retreat with plenty to enjoy.
With a choice of homes in varying sizes and layouts there is something for everyone at Bay View.
What Is Shared Ownership?
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.Qualifying Criteria
Is Shared Ownership right for me?- As long as you are over 18
- Your total household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property, or are Sold Subject To Contract
… then Shared Ownership could be right for you!
How Does Shared Ownership Work
You buy a share in your home that’s right for you. That could be from 25% up to 75% initially. You’ll pay a reduced rent to us on the share we own and a monthly service charge.As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.
Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.
Shared Ownership generally costs less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
Agents Note
Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.Please note flooring and kitchen appliances subject to changes.
Disclaimers
o Deposits start from 5% of your chosen share value, illustrated deposit only and depends on lender and product availability.o Share percentage advertised is an example. Typically shares up to 75% are available
o Share percentage advertised is an example.
Please note, images have been used for illustrative purposes only. Specification, layout and finish may be subject to change.
Utility supply:
- Electric Mains Supply
- Water Mains Supply
- Heating Air Source Heat Pump
- Broadband Ask agent
- Sewerage Mains Supply
Rights and restrictions:
- Private rights of way Ask agent
- Public rights of way Ask agent
- Listed property Ask agent
- Restrictions Ask agent
Risks:
- Flooded in last 5 years Ask agent
- Flood defences Ask agent
- Source of flood Ask agent
Use our handy mortgage calculator to estimate what your monthly repayments could be. Edit the fields below with the relevant details or, if you’d like a more accurate view on what your repayments could be, complete our mortgage enquiry form below and our Mortgage Consultant will be in touch.
* Terms and Conditions apply.
Mortgage enquiry
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**The 4.19% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 17/03/2026.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.