Plot 157 - The Saxon - Meadowbrook

Callington
Key Features:
  • Three bedrooms
  • Two allocated parking spaces
  • Private enclosed turfed rear garden
  • Fully integrated oven, hob and extractor fan
  • Vinyl flooring to kitchen and bathroom
  • Gas central heating
  • Utility cupboard
  • Predicted Energy Assessment rating B
  • NHBC 10 year warranty
  • 2 year defect warranty

Property Description:
This spacious 3 bedroom home has an open plan kitchen/dining room with French doors that lead onto the private rear garden. Completing the ground floor is a living room with triple aspect views and a downstairs cloakroom.
Upstairs you will find two good sized double bedrooms, a single bedroom and a family bathroom.
This home is currently being reserved off-plan and we are unable to carry out viewings at this time.

Property Location:
Meadowbrook is situated in Callington, Cornwall. The town has a weekly market selling produce as well as a wide range of cafes, restaurants and pubs, and a large supermarket all within walking distance of the scheme. There are a wide range of amenities including a Health Centre, Primary and Secondary school and Callington Sport and Leisure Centre. Callington also has great links to the rest of the county, including Liskeard and Saltash, as well as Plymouth which is only a 30 minute drive away.

Local Connection Requirements:
Our homes at Meadowbrook have a Section 106 agreement which is a condition set by the local council for this development. One of the criteria in the S106 agreement is all applicants purchasing a shared ownership home will need to have a local connection.
All applicants purchasing a shared ownership home will also not be allowed to under occupy their home by more than one bedroom.
For more information, please contact a member of the SO Living team who will be able to provide more details on these requirements or view the S106 requirements .

Pricing:
This home is being offered at a share of 40% of the full market value at £235,000. There is the option to purchase 100% and the freehold in the future.

See below example costs.

Description Amount
Full market value £235,000
Share 40%
Share cost £94,000
Rent £293.75 per month
Service charge (including building insurance) Estimated at £32.20 per month. Exact amount TBC.
Mortgage amount £89,300
Mortgage deposit £4,700
Mortgage £392.00 per month
Total £717.95 per month
Based on 35 year repayment mortgage. A 5% deposit. Interest rate of 3.94%. Rent is based on 2.5% 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.


Approximate Property Dimensions:
Ground Floor
Kitchen/dining room: 2.9m x 5.4m (9’10” x 17’10”)
Living room: 3.1m x 5.4m (10’3” x 17’10”)
Utility room: 1.2m x 2m (4’0” x 6’6”)
WC: 1.4m x 1.8m (4’9” x 4’11”)
First Floor
Bedroom 1: 4.6m x 2.8m (15’3” x 9’2”)
Bedroom 2: 3.8m x 2.9m (12’6” x 9’8”)
Bedroom 3: 3.1m x 2.5m (10’3” x 8’4”)
Bathroom: 1.9m x 2.4m (6’5” x 7’11”)
Total floor area 93.18sqm

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

Importance Notice:
The particulars listed are for illustrative purposes only, should only be used for information only and does not constitute advice. Computer generated images and landscaping shown are not intended to form any part of any contract or warranty (express or implied) unless specifically incorporated in writing into the contract. All areas, dimensions and measurements shown are approximate, and should not be relied upon for carpet sizes, appliance spaces or items of furniture.

Information correct at June 2020.



Share Price: £94,000

3 bedrooms
2 spaces
Market Value: £235,000
Minimum Share: 40%
Typical Rent: £293.75 per month
Service Charge: Estimated at £32.20 per month


Site Map Floor Plan