Plot 293 - Lowarth - Trevethan Meadows

Carlton Way, Liskeard
Key Features:
  • 3 bedroom house
  • Open plan kitchen/dining room
  • Separate living room
  • 1 allocated parking space
  • North facing garden

Property Description:
Lowarth is the Cornish word for garden. This 3 bedroom semi-detached home is split over 3 floors with a living room which leads to a ground floor WC, a stylish kitchen diner with French doors leading to an enclosed rear garden. On the first floor there are two double bedrooms with a family bathroom. The third floor shows off the master bedroom with skylights to the road and a generous storage space. This home comes with its own allocated parking. This property is in Phase 3 of the site and is currently being marketed off plan with anticipated handover date of Spring 2020.

Property Location:
Trevethan Meadows is situated on the edge of the ancient market town of Liskeard. With easy access to the surrounding countryside and the famous Bodmin Moor, Liskeard is only a quick commute to the historic port of Plymouth by both road and the main railway line. Better yet, strong public transport links make it possible to explore the rest of the Duchy or travel upcountry with ease.

Local Connection Requirements:
Our homes at Trevethan Meadows have a Section 106 agreement that is a condition set by planning 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.

Pricing:
This home is being offered at a share of 40% of the full market value at £180,000. There is the option to purchase 100% and the freehold in the future.

See below example costs.

Description Amount
Full Market Value £180,000
Share 40%
Share Cost £72,000
Mortgage Deposit £3,600
Mortgage Amount £68,400
Rent £225.00 per month
Service charge (including building insurance) £26.72 per month
Mortgage £302.00 per month
Total per month £553.72 per month*
*These figures are based on 35 year repayment mortgage. A 5% deposit. Interest rate of 3.99%. 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. Service charge is approximate.


Property Dimensions:
Ground Floor
Living room: 4.5m x 3.7m
Kitchen/Diner: 2.7m x 3.7m
WC: 1m x 1.5m
First Floor
Master bedroom: 9.1m x 3.7m
Bedroom 2: 3.5m x 3.7m
Bedroom 3 or office: 3m x 3.7m
Bathroom: 2.4m x 1.7m


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

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

Importance 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: £72,000

3 bedroom
1 parking space
Market Value: £180,000
Minimum Share: 40%
Typical Rent: £225.00 per month
Service Charge: £26.72 per month


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