Plot 5 - Porsham Heights - Free Carpets!

Tresco Gardens

The Ash is a two bedroom semi detached home

The property is conveniently located next to Southway Surgery, Beechwood Primary Academy school and local shops. It sits within easy reach of Dartmoor National Park and the A38 making it accessible to Cornwall, Exeter and beyond.

This home is being offered at a share from 40% of the full value £175,000, with the option to purchase 100% and the freehold in the future Free Exminster Carpets when buying this home!

Example costs*
Full Price: £175,000
Share: 40%
Share Cost: £70,000
Mortgage Deposit: £3,500
Mortgage Amount: £66,500

Rent: £236.25 per month
Service Charge: £21.31 per month
Mortgage: £329 per month*

Total per month: £586.56*

Entrance Hallway
Door to living room. Stairs to the first floor

Living Room – 3.1m x 4.4m
Door to kitchen/diner

Kitchen/Dining – 2.85m x 3.95m
Matching wall and base units and rounded worktops. Space for washing machine and fridge/freezer. Removable base unit for a dishwasher. Integrated Zanussi electric cooker and separate 4 ring gas hob, Zanussi extractor hood and splashback. Understairs storage. Cushioned vinyl flooring. Door to rear lobby

Rear Lobby
Doors leading to garden and cloakroom

Downstairs Cloakroom
Toilet, wash hand basin with tiled surround. Cushioned vinyl flooring

First Floor Landing
Airing cupboard. Doors to bedrooms and bathroom

Master Bedroom – 4.2m x 3.05m
Built-in double wardrobe

Bedroom 2 – 4.2m x 3.0 m

White three piece suite comprising; toilet, pedestal wash hand and panelled bath and overhead Mira electric shower. Part tiled walls. Cushioned vinyl flooring

The rear enclosed garden with patio area and bicycle storage shed, and a path leading to a rear gate

The property benefits from two allocated parking spaces

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 £80,000.
- You must be unable to purchase a home suitable for your needs on the open market without assistance.
- You need to be register with Help to Buy
- You must not have any outstanding credit issues

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.

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.

IMPORTANT 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.

*Assumption used: Based on 30 year repayment mortgage. A 5% deposit. Interest rate of 4.29%. Rent is based on 2.7% of the unsold equity (60% 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.

Plot MapFloor Plan

Share Price: £70,000

2 bedrooms
2 parking spaces
Market Value: £175,000
Minimum Share: 40
Typical Rent: £236.25
Service Charge: £21.31