Northey Road, Bodmin, Cornwall, PL31 Property for sale

SHARED OWNERSHIP Two bedroom house available to purchase at a 40% share from £72,000 with a minimum 5% mortgage deposit of £3600. LOCAL CORNWALL CONNECTION REQUIRED. Call today to arrange your appointment to view & discuss this individual home!

This mid terraced house is spacious and well presented throughout with an allocated parking space and an enclosed rear garden. The accommodation comprises on the ground floor of entrance hall, WC, lounge and well-equipped kitchen. On the first floor there is a landing area, two good sized bedrooms and bathroom. The property has an enclosed rear garden and an allocated parking space. This is a leasehold shared ownership property. The property is also available to be bought at the full share of £180,000.

Northey Road is a residential development of mixed property types and designs located less than half a mile from the towns centre.Bodmin has all the traditional elements of a market town, and caters well for daily needs, together with several supermarkets, an independent Cinema, leisure centre, several Junior schools, a Secondary/6th Form School and a College. The town is well placed for transport links to the Cornwall Coast and with easy access to the A30.

Example:

Full Market Value: £180,000

40% Share Price: £72,000

Rent on un-owned share £311.98 PCM

Estimated estate charge £40.75 PCM

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these. Please also ensure that you have spoken to your mortgage lender to avoid any unnecessary costs