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£157,500

Coleridge Way, Watchet, TA23

  • 1 bed
Bungalow

£157,500

  • 1 bed
Bungalow
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Estimate monthly mortgage payment:

£719 per month

Minimum deposit amount:

£7,875
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Modern 1 bedroom semi detached bungalow benefitting from a good sized garden and off road parking situated in a convenient location on the edge of Watchet. For sale with no onward chain. The property is subject to a section 106 local occupancy clause, meaning it is for sale for 75% of its market value.

Built in 2023 by Summerfield Homes, the accommodation comprises, in brief - entrance hall, kitchen, sitting/dining room, double bedroom and bathroom. Externally there is off road parking for 2 cars and a good sized enclosed rear garden.

Section 106 - the property is subject to a local occupancy clause and any buyer must meet the following criteria:

Financial criteria – Potential purchasers can have a maximum single income £45,885 or a maximum joint income £52,944.

Priority of this will be given as follows:-

For the first 60 working days of marketing:

  • immediately prior to the allocation of an Affordable Housing Unit are ordinarily resident within the Parish of Watchet
  • have strong local connections with the Parish of Watchet including having a Close Family Association in the said Parish and/or any periods of ordinary residence in the said Parish not immediately before the date upon which any Affordable Housing Unit becomes vacant and/or such persons who have permanent employment in the Parish of Watchet
  • immediately prior to the allocation of an Affordable Housing Unit have been ordinarily resident within the adjoining Parishes of Old Cleeve or Wiliton;
  • any person registered on the Homefinder Somerset and in the event of there being no-one available on Homefinder Somerset Register any person approved in writing by the Development Enabling Specialist (such approval not to be unreasonably withheld)

Agents note: There is a maintenance fee of £225 per year payable for upkeep of the roads and parking area.

Watchet is a thriving historic harbour town with a marina for boating enthusiasts. The town has a good range of facilities meeting most everyday needs as well as a large variety of independent antique, gift and art shops. Watchet has a station on the West Somerset Heritage Steam Railway - the longest in the country which links it to the coastal resort of Minehead. Set between the Quantock and Brendon Hills and the Exmoor National Park this is a great area for walking and outdoor pursuits. Taunton (18 miles), the county town, gives access to the motorway network and fast trains (from 1 hour 40 minutes) to London.

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£719 per month
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