ABOUT THE PROPERTY

PLEASE NOTE: This property is a Discounted Sale property subject to a Section 106 agreement, meaning an Affordable Dwelling Unit where 100% of the equity is to be sold at a Discounted Price. All subsequent sale prices of the property are to be a fixed percentage (68%) of the Open Market Value at the time of the sale.
All subsequent sales prices to be 68% of the Open Market Value of the property at the time of sale, subject to North Devon Council approval.

- The current Open Market Valuation (OMV) is agreed to be £226,667

- The Discounted Sale Price shall not exceed £154,134

- Potential buyer(s) must be in Housing Need and must meet the Occupation requirements

- The Affordable Dwelling can only be occupied as a sole or main residence. It cannot be rented or a second home.

27 Magdalene Way is a smart modern two bedroomed semi-detached with an attractive enclosed south facing rear garden and ample driveway parking. The property is located within a small collection of properties known as Magdalene Way forming part of the popular Honeymead Meadow development enjoying easy access to the town amenities.

Inside this well appointed home, is an entrance hall, living room, open-plan kitchen/dining room, cloakroom, two double bedrooms and a bathroom on the first floor. The property also benefits from double glazing, a gas fired central heating system and designed to be energy efficient.

The delightful rear enclosed south facing garden is paved with sandstone and benefits from a gated rear access to the driveway. For layout and approximate room measurement please see the enclosed floorplan. Virtual Tour Available.

THE AREA

South Molton itself offers an excellent range of everyday services including shops, schools, restaurants, and bank, together with a Sainsbury’s supermarket, health centre, recreational facilities and cottage hospital. The town also enjoys a traditional country pannier market twice weekly.

SERVICES & OUTGOINGS

The property is connected to all mains services

North Devon Council - Band B (approx. £1,862 per annum)

EPC Rating - B

Annual Service Charge - Currently ranges between £20-£200 per annum.

Tenure - Freehold

Mobile & Internet - Visit OFCOM

DIRECTIONS

From South Molton head west on the B3227 (Nadder Lane) leaving the town. Continue to the third roundabout and turn left into Honeymead Meadow. Take the first left turning and the property is on the right hand side.

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360 VIRTURAL TOUR AVAILALBE

IMPORTANT NOTICE

These sale particulars have been prepared as a general guide. They must not be relied upon as statements of fact. We have not carried out a detailed survey, nor tested the services, heating systems, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. If there are points which are of particular importance to you, please make contact prior to viewing the property. To the best of our ability we try to represent the property accurately and honestly. A purchaser must make sure they are satisfied with the property before agreeing to proceed.

A Property Information Questionnaire & Title Register are available to prospective purchasers before committing to proceed with a purchase. We are not legal experts, and you must seek and be guided by your own legal advice. Talk to us if there are any questions or concerns relating to the property.

COPYRIGHT © 2025 MICHAEL ADEY PROPERTY

Council Tax Band: B (North Devon Council)
Tenure: Freehold
Parking options: Driveway
Garden details: Rear Garden
Electricity supply: Mains
Heating: Gas Mains
Water supply: Mains
Sewerage: Mains
Broadband: ADSL, FTTC