LL1598

Situated in the sought-after village of Feniton, close to Honiton, this beautifully presented two-bedroom mews-style coach house offers spacious and versatile accommodation with delightful countryside views. Boasting two bathrooms and the added benefit of two allocated parking spaces, the property is perfectly suited to first-time buyers and professionals seeking a peaceful village lifestyle with excellent commuter links.

The home enjoys a charming setting within a well-regarded development and benefits from light-filled living spaces, well-proportioned bedrooms and an attractive outlook across the surrounding Devon countryside. Conveniently positioned within walking distance of the local primary school, village amenities and nearby sporting and recreational facilities, the property combines rural charm with everyday practicality in equal measure.

Feniton itself is a popular East Devon village offering a strong community feel, railway links to Exeter and London Waterloo, and easy access to the A30, making it an ideal location for both commuters and families alike.

This property is defined as a both an Intermediate Affordable Dwelling and a Discounted Sale or Lease.

The section 106 Agreement provides that Wainhomes could not sell its Intermediate Affordable Dwellings on the site for more than 80% of the open market value of the property. In addition, the section 106 Agreement states that when the property comes to be resold, it can only be sold for 80% of the then current open market value. Clause 6 of the First Schedule of the section 106 Agreement states that your property must not, during the Perpetuity Period, be disposed of other than to a Qualifying Person. What this means is that for the first eighty years from 09/08/2012 (the date that the section 106 Agreement was made), the property can only be sold to a Qualifying Person as defined on page 11 of the s.106 Agreement.

A Qualifying Person is defined as: A Qualifying Person means any person who is in Housing Need and is registered on the Common Housing Register, with priority given in the following order:

To a Qualifying Person with a Local Connection
To a Qualifying Person with a Cluster Parish Connection
To a Qualifying Person with an East Devon Connection"
You will see these terms defined in the s.106 Agreement.

There are two leases attached: One relating to Garage 36 and one relating to Garage 35. You will be the Landlord of these two garages and will effectively take the place of Wainhomes (South West) Holdings Limited. Your tenants will be the owners of the Leases of their garages. The leases are for a term of 999 years from 5 September 2014.

Manage Company Charge is approx £280 per annum.