2 Bedroom Terraced House

This two bedroom terraced home would be perfect for growing families, and was constructed by local building contractors on behalf of Perran Housing LLP, a subsidiary of Cornwall Council. There is a spacious fitted kitchen/dining room with a range of matching units, integrated oven and hob and space for appliances, and access to the enclosed rear garden. The living room is well sized. On the first floor there is a good sized family bathroom and two double bedrooms. The house has air source heating and UPVC double glazing, as well as PV solar panels. The rear garden is mainly lawned with a paved area. There is parking for two cars. Comes with a 10 LABC warranty.

Agent Note – The images are taken from existing properties of a similar design. Certain spec and design specs may differ.

This property is offered as a shared ownership opportunity, making it an affordable and flexible option.
The following shows an example when purchasing a 40% share price.
Full Market Value: £240,000
Share: 40%
Share Price: £96,000
Monthly Rent: £300
Buildings insurance: £324 per annum
Property Management fee: £236.31 per annum
Estate Management Fee: £289.000 per annum
Length Of Lease remaining is 990
Staircasing up to 100%
You can apply to buy the home if both of the following apply:

• your household income is £80,000 or less
• you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:

• you're a first-time buyer
• you used to own a home but cannot afford to buy one now
• you're forming a new household - for example, after a relationship breakdown
• you're an existing shared owner, and you want to move
• you own a home and want to move but cannot afford to buy a new home for your needs

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.

As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Also, you must have a local connection to the Town of Bodmin or the County of Cornwall either through residency, work or family.
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