This property is no longer on the market
2 bedroom house
Key information
Property description & features
- Tenure: Leasehold
- Local connection required
- Shares from 32% based on affordability
- 2 Bedrooms
- Family Bathroom
- Downstairs W/C
- Private garden and parking
- Built to M4(2) regulations which means this property meets the requirements for some accessible and adaptable provisions
Properties due to handover December 2023
How Does Shared Ownership Work? - If you bought a home on the open market, you would agree a purchase price through an estate agent. Then you would take out a mortgage to cover the total purchase price of the property minus any deposit you might have available.
With Shared Ownership, the price of the property is fixed at the open market value, as assessed by a qualified valuer. You borrow just enough to cover the share you are buying. This is referred to as equity share.
The equity share amount will be an amount that you can afford, as set out under government guidelines. The total monthly cost of the rent, plus your
mortgage, will be lower than the monthly cost if you bought the property outright with a mortgage.
For legal reasons, while you are only buying a part-share of the property, you will have a leasehold interest of 990 years where the scheme allows. However, you may buy further shares. This is called 'staircasing', and may
eventually progress to outright ownership.
Shared Ownership Information New Ahp - Shared ownership is a part buy part rent property from a registered landlord
You purchase a share with the help of a mortgage based on your affordability.
Example of costs based on a Share of: 32 %
Open Market Value: £245000
Rent per month: 347.08
Service Charges per month: 27.07
The more you buy the lower your rent will be. These costs will increase each year with inflation.
Property Description - Ground floor
Lounge - 3.59 x 3.49 m
Kitchen/ dining - 2.92 x 4.42 m
First Floor
Bedroom 1 - 4.60 x 3.48 m
Bedroom 2 - 4.60 x 2.96 m
Bathroom - 1.86 x 2.18 m
Total floor area 78m2
Artists Impressions - All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale.
Plymouth Community Homes - Twocan are proud to be advertising these properties on behalf of Plymouth Community Housing. We will share your data with them to facilitate any viewings and assess eligibility for shared ownership.
Local Connection - "Local Connection" means a connection with the Town or County (Saltash or Cornwall) as appropriate and demonstrated by that person or a member of their Household to the reasonable satisfaction of the Council.
A person with a Local Connection with the Town shall take precedence Town means the town of Saltash within the County together with the parishes of Antony, Botus, Flemming, Landrake, Landulph and Sheviock.
Certain serving and former members of the armed forces are exempt from needing to have a local connection.
Property information from this agent
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Property reference 32724868. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Twocan - Newent.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.