Welcome to Northfield Lane
6 March 2021
Situated in the bustling medieval town of Barnstaple is Northfield Lane. This charming North Devonshire development features a collection of traditional two and four-bedroom houses, now available to purchase with Shared Ownership.
Offering much more than an idyllic, coastal address, these contemporary houses provide you the opportunity to own a stunning home built with high specifications and a magnificent design, along with two car-parking spaces.
Barnstaple and the Surrounding Area
The breathtaking outdoors and proximity to the English seaside make Barnstaple a popular homebuying destination. There’s a number of beautiful beaches located nearby, including Croyde Bay – nationally renowned for its surfing community.
If the ocean isn’t your thing, there are also plenty of walking tracks along the rugged South West Coastal Path for all the family to enjoy, while picturesque Exmoor is a short drive away, giving you plenty of room to explore.
Contemporary Houses with a Premium Specification
The outstanding development itself offers the chance for a contemporary lifestyle. Each home comes with a Symphony fitted kitchen, and is equipped with the latest A-rated appliances. The pretty properties present spacious, luminous rooms with the versatility of a home office, guest room or children’s bedroom. No matter your circumstance, these homes will easily cater to your everyday needs.
Looking for some outside space? The houses at Northfield Lane feature a beautifully designed rear garden, along with a convenient paved patio. So, if you’re not building sandcastles on Woolacombe beach, you can bask in the sunshine in your own private haven.
Shared Ownership at Northfield Lane
The Government-backed Shared Ownership scheme allows you to purchase one of these desirable properties at a fraction of the market price. Here’s how:
Let’s say you want to purchase a house at Northfield Lane, valued at £225,000. Luckily, with Shared Ownership you don’t need to pay the full amount. Instead, you can opt to purchase a 40% share of the property – £90,000. You then need to raise a 5% deposit for your 40% share – just £4,500– and secure a mortgage on the outstanding amount.
Furthermore, if after you have moved into your home you decide you want to own your property outright, you can increase the share you own to 100% – something we call ‘Staircasing’.
To register your interest in this remarkable development, you can click here. Or, head to our social media profiles on Instagram and Facebook (@legalandgeneralaffordable) to ask your property questions. #LandGAH #NorthfieldLane