Affordable shared-ownership route to a modern, low‑maintenance coastal base.
New-build three-bedroom semi-detached, approx 581 sq ft
Shared ownership with 25% share example: £73,750
Air source heat pump for efficient heating
Two off-road parking spaces and private rear garden
990-year lease; leasehold tenure
Single family bathroom; compact internal footprint
Service charge £16.52 and building insurance approx £14.82 monthly
Eligibility: income cap, local connection and ownership restrictions
This newly built three-bedroom semi-detached home on Bay View Road is offered through shared ownership, making it a practical route into home ownership in North Devon. The house is energy efficient with an air source heat pump, two off-road parking spaces and a private rear garden, all on a long 990-year lease.
The interior is compact (around 581 sq ft) and finished with modern fixtures; flooring is fitted in the kitchen, bathroom and WC, with carpets provided to some plots only. There is a single family bathroom and a straightforward two-storey layout suited to first-time buyers or those trading down for manageable running costs. Service charge and insurance costs are modest but ongoing.
Important practical points: this is a shared ownership leasehold purchase with eligibility criteria (income cap, local connection priority and no existing property ownership in most cases). Monthly rent, building insurance and a service charge apply; staircasing is possible over time to increase ownership share. The plot offers limited external space and a compact footprint, so buyers wanting large gardens or extensive storage should note the modest plot size.
Overall, the property is aimed at buyers seeking an affordable entry into the local market who value new-build efficiency, low maintenance and coastal access. It suits those prepared to meet shared ownership requirements and to live with a smaller, efficient home rather than a larger family house.
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