1 bed flat for sale

Penryn, One Bed Shared Ownership Flat TR10

Penryn, One Bed Shared Ownership Flat

Coastline Housing are pleased to present this 1-bedroom apartment located just 0.3 miles from the centre of Penryn.

Suitable for first-time buyers and those looking to downsize, the apartment is situated above car ports and, due to its position built into the hillside, benefits from an enclosed south-facing garden to the rear.

The apartment enjoys elevated views towards nearby woodland and is positioned at the end of the development, providing easy access to woodland walks.

The property has recently been redecorated and benefits from new flooring throughout.

On entering the property, you will find an entrance hallway with space for storage and hanging coats. Stairs lead to the first floor and the open-plan living space.

Living/Kitchen Area
14'5" x 17'10" (4.4m x 5.4m)

This open-plan room incorporates both the living and kitchen areas. The kitchen is fitted with a range of white wall and base units with brushed chrome-effect handles. There is space and plumbing for a washing machine, and a door provides access to the rear garden.

The living area features double doors opening onto a Juliet balcony with a clear glass safety rail, allowing plenty of natural light into the room.

A door leads to an internal hallway, which provides access to the bedroom, bathroom and a storage cupboard.

Bedroom
9'7" x 13'5" (2.9m x 4.1m)

The bedroom overlooks the front of the property and includes a built-in double wardrobe and media points.

Bathroom
4'5" x 7'11" (1.3m x 2.4m)

The bathroom is fitted with a white suite comprising a bath with shower over, WC and wash hand basin. The room is finished with contemporary white linear wall tiles.

Outside, the property benefits from parking within the car port beneath the apartment and an enclosed rear garden.

To apply for this home, please register your interest on Share to Buy. If you have already registered your interest on Share to Buy you will have received an email from Coastline’s Sales Team containing the online application form and guidance on the next steps to complete your application. Coastline’s Sales Team will process applications on a first-come, first-served basis, subject to receiving a complete application.

Key features

Open plan living

Apartment over carports

Stairs to first floor

Enclosed south facing garden

Bright space

Juliet Balcony

88 years remaining on lease

Figures

fmv: £195,000
55% Minimum Share: £107,250
Rent pcm: £213.79
Service Charges pcm: £83.77
Buildings Insurance pcm: £11.29

Eligibility

As part of your application, you are required to hold a local connection to the Town of Launceston or 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, you will need to meet one of the following:

A connection to the town of Penryn or the county of Cornwall is required for this property:

Being permanently resident therein for a continuous period of at least 12 months immediately prior to advertising and that the residence is of their own choice; or

Being formerly permanently resident therein for a continuous period of Five (5) years; or

having his or her place of permanent work (normally regarded as 16 hours or more a week and not including seasonal employment) therein immediately prior to advertising; or

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

being in such other special circumstances which the council considers requires the applicant to reside as appropriate and which is consistent with the Council's Cornwall Homechoice policy as amended from time to time.
Proving your connection


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

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 employer's address

Employer’s letter confirming length and terms of employment (including hours worked if applicable)

Particulars

Council Tax Band: A
EPC Rating: C
Tenure: Leasehold
Lease Length: 88 years

All Enquiries- All enquiries received by The Mather Partnership will be forwarded onto Coastline Housing's Shared Ownership department to be dealt with. We will forward all of your details that you provide to us. Alternatively, please contact Coastline direct see photograph labelled "contact info".

Anti Money Laundering Regulations – Purchasers- It is a legal requirement that we receive verified id from all buyers before a sale can be instructed. We will inform you of the process once your offer has been accepted.

Proof of Finances- Before agreeing a sale, we will require proof of your financial ability to purchase. We will inform you of what we require prior to agreeing a sale.

Broadband & Mobile Phone Coverage- To check the broadband coverage for this property please visit . To check mobile phone coverage please visit