2 bedroom house for sale
9 Sentry Meadow, PL13 2FS
Share percentage 40%, full price £210,000, £8,400 Min Deposit.
Share percentage 40%, full price £210,000, £8,400 Min Deposit.
Monthly Cost: £695
Rent £258,
Service charge £13,
Mortgage £424*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As part of your application for a shared ownership home for this property, you are required to hold a local connection to the County of Cornwall. 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 County of Cornwall for a continuous period of at least 12 months immediately prior to advertising
b) Formerly lived within the County of Cornwall 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 County of Cornwall 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 County of Cornwall 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 Mid Terrace House with Garden
Description
9 Sentry Meadow is a 2 bedroom mid-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 but also featuring composite decking and a shed.
The kitchen features a range of shaker-style base and eye-level units by Howdens, a wood effect 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.)
Particulars
Tenure: Leasehold
Lease Length: 122 years
Council Tax Band: B
Property Downloads
Floor Plan Energy CertificateMap
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 £210,000, £8,400 Min Deposit. Calculated using a representative rate of 4.59%
