3 bedroom house for sale

Available

31 Park En Venton, TR12 7JH

£27,000 · Shared Ownership Resale

Share percentage 10%, full price £270,000, £1,350 Min Deposit.

Available
3 bedrooms
1 Bathroom
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£27,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 10%, full price £270,000, £1,350 Min Deposit.

Monthly Cost: £663
Rent £506, Service charge £7, Mortgage £150*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

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Eligibility

As part of your application for this home, you are required to hold a local connection to the Parish of Mullion. 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 Mullion for a continuous period of at least 3 years immediately prior to advertising
b) Formerly lived within the Parish of Mullion 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 Mullion 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 Mullion 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)

This property is located in a Designated Protected Area and will have a buyback provision within the lease. This means that although you are able to staircase to 100%, you will not acquire the freehold of the property when doing so. If you have staircased past 80%, when you choose to sell your share, Coastline (or a nominated provider) must buy it back at the current market value at that time. The value will be determined by an independent RICS qualified surveyor.

The previous owner has exercised their right to staircase and the buyback provision has been implemented, leading to this property now being re-available for shared ownership.

Summary

3-Bedroom Semi-Detached House with Garden

Description

31 Park En Venton is a 3-bedroom semi-detached house located in the popular Cornish village of Mullion on the Lizard Peninsula.

Featuring a spacious lounge and diner fitted with laminate flooring, with French doors leading out to the garden, a separate kitchen equipped with grey shaker style kitchen units, a timber effect laminate worktop, electric oven, ceramic hob and extractor hood, space for a tall fridge freezer, two under counter appliances and vinyl flooring. A downstairs WC completes the ground floor accommodation.

Upstairs features 3 bedrooms and a family bathroom fitted with a modern white suite consisting of a W/C, basin and bath with thermostatic shower and glass shower screen.

Outside, this home offers driveway parking for two cars, and a good-sized garden is mainly laid to lawn with a patio area and a concrete shed base. There is also an outside socket point, outside light and an Air Source Heat Pump which powers the home’s central heating system.

This home is offered with a new 999-year, new model lease, and benefits from the remaining 3 years of the new build warranty.

Particulars

Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: C

Property Downloads
Floor Plan Energy Certificate
Map
Penmere (10.94 miles) Penryn (11.36 miles) Falmouth Town (11.39 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.

£27,000
Shared Ownership Resale
Estimated Monthly Cost:£663
Rent £506
Service Charge £7
Mortgage £150

Share percentage 10%, full price £270,000, £1,350 Min Deposit. Calculated using a representative rate of 5.03%


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.