2-bedroom terraced house · EX2 0AF
Listing removedListed 140 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
APPLICATIONS NOW OPEN for this brand new 2 bedroom home at Heritage Green III, Alphington, Exeter.
An exciting opportunity to get on the property ladder and into a brand new energy efficient home with Shared Ownership.
Available Plot 530 - The Kerslake is just perfect for first time buyers, these brand new houses boast a good sized kitchen, leading onto the spacious living/dining room which features french doors leading to the garden, perfect for family meals or hosting guests.
Downstairs you will also find a convenient WC & storage cupboard. Upstairs, you’ll find 2 spacious bedrooms and a stylish bathroom suite, delivering a home which grows with you.
These homes also come with two allocated parking spaces. Available to purchase at a 40% share for £112,000 with a 5% deposit of £5,600 (Full market value £280,000).
Financial Breakdown: Full market value: £280,000 40% share value £112,000 5% deposit: £5,600 Rent charged on un-owned share: 2.75% Rent on un-owned share (60%) £385.00 Estimated monthly service charge: £55.00 FEATURES: • Open plan living • Cloakroom/WC • Storage on both floors • 2 Double Bedrooms • 2 Parking Spaces • Fitted kitchen with integrated oven, hob, extractor hood, washer/dryer • Quality flooring throughout • Solar panels • Air Source Heat Pump • EV Charger This fantastic development features a great selection of 2, 3, 4, & 5 bedroom Shared Ownership homes, ideal for growing families and first time buyers alike.
You’ll have access to good local amenities including supermarkets and a primary school.
Exeter City centre is 11 minutes’ drive providing a great selection of education, retail, employment, sport, and leisure opportunities.
Fulfords are the official selling agents for Sovereign Network Group (SNG) who are a leading provider of affordable homes, delivering around 2,400 new homes each year across the south of England, helping thousands of people take their first or next step on the property ladder.
SNG’s Homes and Place standard leads the way on setting the very highest standards for affordable homes and great places to live, and underpins their investment into building new homes.
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. *Please note, images have been used for illustrative purposes only.
Specification, layout and finish may be subject to change.
Value & comps
No previous sales on record.
Returns
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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.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Chudleigh Road, Alphington, Exeter, Devon, EX2
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