3-bedroom detached house · TA4 2BW
Listing removedListed 51 days
Opportunity summary
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About
Summary detached! 3 Bedroom detached home with parking! This stunning home is offered to the market on a shared ownership basis available from a 45% share. Shared ownership!
Description The rare opportunity to be able to purchase plot 64 which is a 3 bedroom detached brand new shared ownership home, with tandem parking. Situated on a sought after development.
Address - 25 Luxton Way, Taunton, TA4 2BW Open market - £335,000 45% share- £150,750 Rent - £422.24 Service charge - £21.88 Heathstock Rise is a practical and appealing choice for those who are looking to get on the property ladder.
Get in touch today!
Location Welcome to Heathstock Rise in Wiveliscombe, affectionately known as “Wivey.” This picturesque market town sits at the foot of the Brendon Hills in Somerset and acts as a gateway to Exmoor National Park.
It blends rural charm with a friendly, lively community. Wiveliscombe has a great mix of independent shops, traditional pubs and breweries.
With beautiful countryside all around, it’s ideal for walking, cycling and enjoying the outdoors.
The town lies around 10 miles west of Taunton and benefits from easy access to the A358, A38 and M5, offering straight forward links to Taunton, Exeter, Bristol and the wider South West.
Regular buses run to Taunton. From there you can access direct mainline rail services to London and many other areas.
With its welcoming community, strong local amenities and well connected transport connections, Heathstock Rise is the perfect place to buy your new home.
About Magna Magna Housing is a medium-sized, independent housing company which works with local communities to help people solve their housing problems and make their housing dreams come true, overwhelmingly in the counties of Dorset and Somerset.
What Is Shared Ownership? You buy an initial share in your new homes - usually between 25% and 75% - and you pay a discounted rent on the remaining share.
The share you buy will be the most you can afford based on a financial assessment.
Then, if your financial circumstances change, you can buy further shares as and when it is appropriate to you, and in most cases you can own your home outright.
It does not mean that you have to share your home with anyone! Not just for first time buyers!
Eligibility You are not eligible to apply if you: -Already own a home, or -Are selling your current home but it is not yet under offer (sold subject to contract).
Basic shared ownership criteria: -You cannot afford to buy a similar home on the open market. -You do not have any County Court Judgements (CCJs) against you.
-Your household income does not exceed £80,000. -You can afford the mortgage and deposit for the share you wish to purchase, or you have enough equity to buy the share.
-You do not own another property (if you do, it must be sold before completing on the shared ownership home).
Local Connection Month 1 of advertising- from 1/9/26: Buyers must have a local connection to Wiveliscombe.
This means you must either live in Wiveliscombe, work in Wiveliscombe, or have close family living there.
Month 2: If no suitable buyers from Wivesliscombe are found in the first month of advertising, buyers with a local connection to the neighbouring parishes of Huish Champflower, Clatworthy, Brompton Ralph, Fitzhead, Milverton, Bathealton and Chipstable will be able to apply Month 3: If no suitable buyers are found in months 1 or 2, applications will be opened to anyone living within the wider Somerset Council area.
Please Note We will endeavour to use the photographs and virtual tours of the actual property but may also show pictures/videos of the showhome, other plots on the development and/or computer generated images.
Floorplan images may be handed. Reservation fee applies. Lease details are currently being compiled. For further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Plot 64, Heathstock Rise, Luxton Way, Taunton
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