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Overview

This two bedroom house is an ideal opportunity to get on to the property ladder with Hastoe. It is being sold under the shared ownership scheme whereby you purchase a share in the property and pay a reduced rent on the remaining Hastoe equity.

Properties

EPC= B87

Term remaining on lease: 118 years


Measurements

    • Kitchen
    • 2.47m x 2.38m
    • Living room
    • 4.60m x 3.71m
    • WC
    • 1.79m x 1.04m
    • Utility
    • 1.95m x 1.95m
    • Master bedroom
    • 3.99m x 3.75m
    • Second bedroom
    • 3.78m x 3.23m
    • Bathroom
    • 2.68m x 2.01m

Full Market Price: £175,000

Minimum Share: 30%

Share Value: £52,500

Monthly Rent: £304.15

Service Charge PCM (including buildings insurance): £16.73

Total Monthly Charge: £320.88

Next rental increase: April 2021

Private parking for 2 cars

Private garden

Fitted kitchen

Heating & hot water is provided by combination of air source heat pumps and solar panels

Double glazing

Over-bath shower

Underfloor heating to kitchen, lounge and utility/WC areas

Downstairs WC

Location

18 Shortacross View

Widegates

Looe

PL13 1QY

Specification

Purchase Requirements:

Be a first time buyer or not currently own a property.

Demonstrate you meet the minimum income requirements.

Demonstrate a deposit sufficient to obtain a mortgage for the property.

Have a local connection to the area.

Be registered with your Help to Buy agent

What is shared ownership?

Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own. This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own

 

This property has restricted staircasing to ensure the property remains affordable for future generations of local people.

 

How does shared ownership work?

You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.

About Hastoe:

Hastoe owns and manages over 7,500 homes in 70 local authority areas. Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.

Prices & Availability

Market Price
%Share - Type required percentage in box below
Share price
Rent(pcm)
Service Charge (PCM) including buildings insurance
Availability
Floorplan
£175,000
£NaN
£NaN
£16.73
Available

The new homes are available to purchase through Shared Ownership.
Ask for further details.

Please be aware that your home may be repossessed if you do not keep up repayments on your mortgage, or fail to pay rent or other charges under the terms of your lease.

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