Plot 128 - The Rosehip - Poet's Corner

Honicknowle, Plymouth
Key Features:
  • End terrace house
  • 2 bedrooms
  • Living room and kitchen
  • Bathroom and WC
  • 1 allocated parking space
  • Rear garden

Property Description:
The Rosehip is a modern two-bedroom home. The front door opens out onto the hall. Off the hall is a kitchen including an oven, hob and extractor fan with views out to the front of the house. There is a separate cloakroom. The hall then leads to a spacious living/dining room with under-stairs storage and rear access to a private enclosed garden including a wooden shed and washing line. On the first floor you will find both a sizeable double bedroom with further storage and a twin bedroom along with a modern, fully-fitted family bedroom. The property has 1 allocated parking space.

Property Location:
This property is located in Honicknowle, a small distance from the A38 Devon Expressway making Exeter, Cornwall and the rest of Devon easy to reach. Poet’s Corner also has quick links to Derriford Hopsital and Plymouth University as well as the City Centre and a range of local amenities – perfect for those on the move.

Pricing:
This home is being offered at a share of 45% of the full market value at £179,000. There is the option to purchase 100% and the freehold in the future.

See below example costs.

Description Amount
Full Market Value £179,000
Share 45%
Share Cost £80,550
Mortgage Deposit £4,028
Mortgage Amount £76,522
Rent £221.51 per month
Service charge (including building insurance) £18.90 per month
Mortgage £339 per month
Total per month £579.41 per month*
*Assumption used: Based on 35 year repayment mortgage. A 5% deposit. Interest rate of 3.99%. 2 year fixed. Rent is based on 2.7% of the unsold equity (55% of Open Market Value) 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: 2.7m x 2.6m (9’1” x 8’7”)
Lounge: 4.9m x 3.3m (16’3” x 10’10”)
First Floor
Bedroom 1: 4.9m x 3.1m (16’3” x 10’4”)
Bedroom 2: 4.9m x 2.7m (16’3” x 10’10”)
Bathroom: 1.8m x 2m (6’11” × 6’8”)

Importance Notice:
The particulars listed are for illustrative purposes only at time and 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.

Whilst every care has been taken in the preparation of these particulars, we do not represent or warrant that the information and/or specifications contained in this listing are accurate or complete. Features both internal and external may be varied from time to time. Intending purchasers / lessees should satisfy themselves as to the correctness of information given.

Information correct at October 2020.



Share Price: £80,500

2 bedroom
1 parking space
Market Value: £179,000
Minimum Share: 45%
Typical Rent: £221.51 per month
Service Charge: £18.90 per month


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