3 bedroom house for sale
4 Terras Hwigen, Respryn Road, PL31 1FU
Share percentage 40%, full price £275,000, £11,000 Min Deposit.
Share percentage 40%, full price £275,000, £11,000 Min Deposit.
Monthly Cost: £927
Rent £344,
Service charge £16,
Mortgage £567*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
- You live or work in Bodmin - Cornwall
To be eligible for one of our homes, applicants must be able to demonstrate a local connection to the Town of Bodmin. To demonstrate a local connection, applicants need to:
- Have been a permanent resident in the area for at least 3 years immediately prior to advert
- Have formerly been a permanent resident in the area for a continuous period of at least 5 years
- Be in full time, permanent employment (not on a seasonal basis) within the area for at least 3 years immediately prior to advert
- Have a close family member (mother, father, brother, sister, son or daughter) who is currently a resident of the area and has been for at least 5 years immediately prior to advert and where there is independent evidence that the family member is in need of, or can give support on an ongoing basis
*Please note that priority will be given to those applicants demonstrating a qualifying local connection as per the ‘Area Local Connection’ schedule within the Section 106. We're unable to consider applicants outside of the Town of Bodmin until first prioritising and exhausting any primary applicants.
Summary
3 Bedroom End-Terrace House
Description
Welcome to Bakery Park.
14 brand new Shared Ownership homes in the town of Bodmin.
Local homes for local people!
8 x 3 Bedroom Houses, 2 x 2 Bedroom Houses, 2 x 2 Bedroom Coach Houses & 2 x 1 Bedroom Flats
Close to a host of leisure, education and shopping facilities
Minutes away from the A30 for easy travel
Example Share:
Full Market Value: £280,000
Example Share: 40%
Example Share Value: £112,000
Example Rent (PCM): £350
Example Service Charge: £16.23
(Please see brochure for plot specific pricing.)
To find out more about how to register your interest, contact our Home Ownership team on 01726 874450 or sales@oceanhousing.com
*Shared Ownership is an exclusive product for local residents. Section 106 and staircasing restriction’s may apply, scheme specific details will be released upon full launch of these homes. Affordability is based on a financial assessment to determine the share percentage to be provided.
**Plot 1 will operate as a viewing plot while sales are ongoing at the site.
Home offers will be based on a review process, with priority given to local connection and affordability need. Whilst we endeavor to make our home descriptions accurate, they are for general guidance only and may be subject to change throughout the build process.
Shared ownership homes are sold as leasehold.
All CGI images are for illustrative purposes only and should not be relied upon. These are subject to change and may not be accurate.
Key Features
- Off-Road Parking
- Private Garden
- Flooring to Kitchen and Bathroom
- Fitted Kitchen with Integrated Oven and Hob
- Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Brochure Price ListMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 40%, full price £275,000, £11,000 Min Deposit. Calculated using a representative rate of 4.80%
Ocean Housing
