Share percentage 40%, full price £280,000, £11,200 Min Deposit.
Monthly Cost: £938
Rent £350,
Service charge £10,
Mortgage £578*
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 St Blazey.
To be eligible for one of our homes, you must be able to demonstrate a local connection to the parish of St Blazey. To demonstrate a local connection, applicants need to:
- Have been a permanent resident in St Blazey for at least 3 years immediately prior to advert
- Have formerly been a permanent resident in St Blazey for at least 5 years
- Your place of work (16 hours a week or more and not including seasonal employment) for a continuous period of at least 3 years immediately prior to advertising
- Have a close family member (mother, father, brother, sister, son or daughter) who is currently a resident in St Blazey and has been for at least 5 years immediately prior to advert & where there is independent evidence that the family member is in need or can give support for the foreseeable future or on an ongoing basis.
Summary
3 Bed End Terraced House
Description
Welcome to Polgrean, St Blazey.
Local homes for local people! We're excited to announce an opportunity for Shared Ownership in the small Cornish town of St Blazey.
5 x 3 Bedroom Homes
Close to local amenities, beautiful woodlands & popular sandy beaches.
Example Costs
Plots 1 & 5
Full Market Value: £280,000
Share: 40%
Share Value: £112,000
Rent (PCM): £350.00
Service Charge (PCM): £9.68
Plots 2,3 & 4
Full market value: £275,000
Share: 40%
Share Value: £110,000
Rent (PCM): £343.75
Service Charge (PCM): £9.68
Please read through the documents in the Sales Brochure tab to apply or to find out more, 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.
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
- Allocated 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
Floor Plan 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 £280,000, £11,200 Min Deposit. Calculated using a representative rate of 4.80%
Ocean Housing
