3-bedroom terraced house · TQ12 1ED
Listing removedListed 434 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In the first instance, priority will be given to applicants with a local connection to Newton Abbot. Apply now and unlock your home buying potential with Shared Ownership.
Available to purchase at a 50% share for £135,000 with a min 5% deposit. (Full market value £270,000.
Financial Breakdown: Full market value: £270,000 50% share value £135,000 5% deposit: £6,750 Rent charged on un-owned share: £342.96 Rent on un-owned share (50%) Estimated monthly service charge: £28.15 Situated in the sought-after Foxglove Close in Newton Abbot, this appealing three-bedroom end of terrace home combines space, practicality, and charm in a popular residential setting.
The welcoming hallway leads into a generously sized lounge, perfect for relaxing or entertaining.
To the rear, the well-planned kitchen/diner features plentiful work surfaces, integrated storage, and a stylish breakfast bar.
French doors open directly onto the garden, enhancing the sense of light and flow. A convenient downstairs W/C and a discreet understair cupboard complete the ground floor layout.
Upstairs, the property offers three comfortable double bedrooms, accompanied by a family bathroom presented to a good standard.
Outside, there are two allocated parking spaces positioned right at the front, a side entrance for easy access, and a generous rear garden that enjoys an abundance of sunshine throughout the day.
With nearby shops and excellent links to the A38, this home is ideally situated for both everyday living and commuting.
An ideal choice for first-time buyers looking to step onto the property ladder in a desirable location. Is Shared Ownership right for me?
- As long as you are over 18 - Your household income is less than £80,000 - And you don’t already own a home at the time of buying your shared ownership property ...
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.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 56, Foxglove Close, Devon
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