2 bedroom house for sale

Available

7 Sentry Meadow, PL13 2FS

£86,000 · Shared Ownership Resale

Share percentage 40%, full price £215,000, £8,600 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Garden
Pets allowed
Parking
£86,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £215,000, £8,600 Min Deposit.

Monthly Cost: £711
Rent £262, Service charge £13, Mortgage £436*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility

As part of your application for a shared ownership home at this development, you are required to hold a local connection to the Parish of Pelynt. The local connection requirements are outlined within a planning document issued by Cornwall Council called a “Section 106 Agreement”, which is unique to each new development.

Coastline Housing are responsible for approving your local connection and we will need to have all evidence of this before an offer of a property will be made.

To meet the local connection criteria for this scheme, you will need to meet one of the following:

a) Lived in the Parish of Pelynt for a continuous period of at least 3 years immediately prior to advertising

b) Formerly lived within the Parish of Pelynt for a continuous period of 5 years.

c) Your place of work (16 hours or more a week and not including seasonal employment) has been within the Parish of Pelynt for a period of at least 3 years immediately prior to advertising

d) Have a connection through a close family member (mother, father, brother, sister, son or daughter) where the family member is currently a resident of the Parish of Pelynt and has been so for a continuous period of at least 5 years immediately prior to advertising.

*The local connection criteria does not apply if you are a serving or previously serving member of the regular armed forces or qualifying under any other clause of the Allocation of Housing (qualification criteria for armed forces) (England) regulations 2012.

PROVING YOUR CONNECTION

So that we can approve your local connection, you will need to provide us with some documents as evidence.

You will need to bring this evidence with you to your application interview. If you are unsure on what you will need to provide, please contact the Sales Team.

Residency (a, b or d) – evidence to cover the relevant period for yourself or close family member**

  • Full Credit report showing presence on the electoral roll - As you need to provide this to TMP as part of your financial assessment, this is the easiest way to prove criteria a or b
  • Utility bills - One from each year required
  • Council tax bills
  • Bank/credit card statements - One from each year required
  • State benefit book or receipts showing rent paid
  • Payslips showing home address - One from each year required
  • Written certification from either a solicitor/social worker/probation officer/inland revenue officer/police officer/teacher or doctor

**Please note that if you are using a family connection, you will also need to provide proof of family connection such as birth or Marriage certificates and change of name documentation if applicable.

Employment (c) – evidence to cover the relevant Local Connection period

  • Payslips showing employers address
  • Employer’s letter confirming length and terms of employment (including hours worked if applicable)
Summary

2 bedroom end of terrace house available

Description

7 Sentry Meadow is a 2 bedroom end of terrace house available for shared ownership with a minimum of a 40% share, located in the Cornish village of Pelynt, close to the harbour town of Looe.

This property benefits from two double bedrooms, an open plan living/kitchen/diner, two parking spaces, a family bathroom, an additional downstairs WC, heating powered by an Air Source heat pump and a rear garden which is mainly laid to lawn with a shed.

The kitchen features a range of shaker-style base and eye-level units by Howdens, a laminated worktop, an electric oven, an extractor chimney hood, an electric hob and vinyl flooring. The family bathroom is fitted with a contemporary white suite, glass shower screen, shower over the bath and full height tiling in the bath enclosure and vinyl flooring. The remainder of the property is carpeted throughout.

Built in 2021, this property further benefits from the remaining 7 years of the LABC Warranty and has 122 years remaining on the lease (125 years from new).

The lease is a protected areas lease. The buyer can staircase to 100% and has a buy-back provision in place.

Key Features
  • Two double bedrooms
  • Open plan kitchen lounge diner
  • Rear garden with shed
  • Parking for two cars
  • Heating powered by Air Source heat pump
  • Staircasing to 100% permitted with buy back provision in place
  • 122 years remaining on lease
  • Local Connection – Parish of Pelynt
Particulars

Tenure: Leasehold
Lease Length: 122 years
Council Tax Band: B

Property Downloads
Energy Certificate
Map
Sandplace (3.05 miles) Looe (3.37 miles) Causeland (3.61 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£86,000
Shared Ownership Resale
Estimated Monthly Cost:£711
Rent £262
Service Charge £13
Mortgage £436

Share percentage 40%, full price £215,000, £8,600 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.