Plot 43 - The Blackthorn - Poets 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 Blackthorn is a stylish two-bedroom home. The ground floor leads into 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 also 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. On the first floor, you will find two double bedrooms, one with storage, and a modern, fully-fitted family bathroom. This home also has 1 allocated parking space and an EPC rating B.
The property is still under construction however you are able to reserve this property “off plan” following an approved affordability assessment.

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 £175,000. There is the option to purchase 100% and the freehold in the future.

See below example costs.

Description Amount
Full Market Value £176,000
Share 45%
Share Cost £79,200
Mortgage Deposit £3,960
Mortgage Amount £75,240
Rent £217.80 per month
Service charge (including building insurance) £18.50 per month
Mortgage £333.00 per month
Total per month £569.30 per month*
*These figures are based on 35 year repayment mortgage. A 5% deposit. Interest rate of 3.99%. 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.

Property Dimensions:
Ground Floor
Kitchen: 10’4” x 7’4”
Lounge: 13’0” × 13’11”
First Floor
Bedroom 1: 13’11” x 11’4”
Bedroom 2: 13’11” x 9’5”
Bathroom: 7’1” × 6’8”

Viewings are made on an appointment-only basis. To book a viewing or find out more about this property, “contact the SO Living team”:/contact.

Important Notice:
These particulars are for illustration purposes only. We operate a policy of continuous 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.

Share Price: £79,200

2 bedroom
1 parking space
Market Value: £176,000
Minimum Share: 45%
Typical Rent: £217.80 per month
Service Charge: £18.50 per month

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