Plot 55 - The Maple - Briarwood

Cookworthy Road, North Prospect
Key Features
  • 3 bedrooms
  • Living Room and Kitchen/Diner
  • Bathroom and W/C
  • 2 allocated parking spaces
  • Garden

Property Description
The Maple is an attractive 3 bedroom home located on Cookworthy Road in North Prospect with two allocated parking spaces.
On the ground floor you’ll find a spacious living area which leads you onto an open plan kitchen with room for a dining table. You’ll also find a W/C located on the ground floor as well as French doors leading you onto a private rear garden.
Upstairs is a master double bedroom as well as two other family bedrooms. This property also features a family bathroom on the first floor as well as a separate linen cupboard for additional storage.
This property is currently being marketed off plan and is due for completion in Winter 2019. This development has a 2 and 3 bedroom show home located on Cookworthy Road and is open 7 days a week from 10am – 5pm.

Property Location
This property is located in North Prospect with excellent links to Plymouth City Centre and beyond. Local amenities are located within a short distance of the property.

Pricing
This home is being offered at a share of 42% of the full market value at £202,000. There is the option to purchase 100% and the freehold in the future. See below example costs.
Full Market Value £202,000
Share 42%
Share Cost £84,840
Mortgage Deposit £4,242
Mortgage Amount £80,598
Rent £268.49 per month
Service charge Approximately £30 per month
Mortgage £356 per month
Total per month £654.49 per month*

Property Dimensions
Living Room 3.1m x 4.9m
Kitchen/Diner 5.3m x 2.9m
W/C 2.1m x 1.2m
Master Bedroom 3.2m x 4.0m
Bedroom 2 2.7m x 3.8m
Bedroom 3 2.6m x 2.6m
Bathroom 2.1m x 2.1m
Gross internal floor area = 82.68m²


For more information and this property and the development, please see the Briarwood brochure.

Viewings
This property is still under construction so viewings are not available until further notice. You are able to reserve this property off plan following an approved affordability assessment. To find out more, contact the SO Living team.

What is Shared Ownership?
Shared Ownership is an affordable home ownership scheme set up by the government to help people who cannot afford to buy a property outright on the open market.
This scheme enables you to buy a share of the property and pay rent on the share unsold and retained by Plymouth Community Homes.
Shared ownership allows you to buy a share of between 25 and 75 percent of the full property value. The bigger share you purchase the less rent you will have to pay on the remaining share.

Am I Eligible?
There are certain conditions to be eligible for a Shared Ownership property:
  • Your annual household income must be no more than £80,000.
  • You must be unable to purchase a home suitable for your needs on the open market without assistance.
  • You need to be registered with Help to Buy.
  • You must not have any outstanding credit issues.

Terms and Conditions
Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
Importance Notice: These particulars are for illustration purposes only. We operate a policy of continues product development, and individual internal and external features may vary. Consequently these particulars should be treated as a general guidance only and cannot be relied upon as accurately describing any of specified matters described under the property misdescription act 1991. Nor do they constitute as a contract or warranty. All areas, dimensions and measurements shown are approximate and should not be relied upon for carpet sizes, appliance spaces or items of furniture.
*These figures are based on 35 year repayment mortgage. A 5% deposit. Interest rate of 3.99%. Rent is based on 2.75% of the unsold equity per annum. All other purchase fees. exclude mortgage arrangement fees and reservation fees and legal fees. Independent legal and financial advice should always be obtained. Service charge is approximate.



Share Price: £84,840

3 bedroom
2 parking spaces
Market Value: £202,000
Minimum Share: 42%
Typical Rent: £268.49 per month
Service Charge: Approximately £30 per month


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