Budock Road, Falmouth Shared Ownership £110,000

Shared ownership criteria

This property is subject to a Section 106 Agreement (s.106) with a local connection requirement to the town of Falmouth and parish of Budock and a full financial assessment to ensure that the property is affordable and sustainable for you. Our financial assessments are carried out by The Mortgage People (TMP). For more information on TMP please visit their website at tmpmortgages.co.uk. The local connection requirement may 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. Properties are allocated on a first come first serve basis subject to meeting the requirements of the s.106 and demonstrating affordability.

Why You'll Like It

This modern home is located in a desirable area at the edge of Falmouth and close to great amenities. The property offers open plan living and has a modern fitted kitchen with a range of base, wall and tower units along with oven, hob and extractor built in. There's a a handy ground floor cloak room and back door to a large enclosed rear garden. On the first floor there are two double bedrooms and a family bathroom with a shower over the bath. There is driveway parking for two vehicles in tandem. Share price: 40% share £110,000 Full price: £275,000 Monthly rent: £393.73 Monthly service charge: £40.88 *monthly rent and service charge subject to annual review from 1st April 2025. *Staircasing up to 100%

Where It Is

Situated in a popular cul de sac at the edge of Falmouth, this property is close to local amenities, supermarkets and beaches, the town centre is also not too far away and there is a highly regarded secondary school within walking range.

Services And Tenure

The property is shared ownership with ocean housing. We are selling a 40% share with the opportunity to staircase and buy more shares up to 100% share. The 40% purchase price is based on the full value of £275,000. Application terms and conditions apply and there is a section 106 agreement requiring applicants to have a LOCAL CONNECTION Mains gas, mains electricity, mains water, mains drainage. Council tax B

Important Information

Clive Pearce Property, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements of fact. 2 It should not be assumed that the property has all necessary planning, building regulation or other consents and Clive Pearce Property have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. 3. Photos and Videos: The photographs and/or videos show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Any computer generated image gives only an indication as to how the property may look and this may change at any time. Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. Information on the website about a property is liable to be changed at any time.