Plot 295 - Lowarth - Trevethan Meadows

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 35% of the full market value at £181,000. There is the option to purchase 100% and the freehold in the future.

See below example costs.

Description Amount
Full Market Value £181,000
Share 35%
Share Cost £63,350
Rent £245.10 per month
Service charge (including building insurance) £25.53 per month
Mortgage amount £60,182.50
Mortgage deposit £3,167.50
Mortgage £264.00 per month
Total £534.63 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
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.

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 brochure 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 March 2020.



Share Price: £63,350

3 bedroom
1 parking space
Market Value: £181,000
Minimum Share: 35%
Typical Rent: £245.10 per month
Service Charge: £25.53 per month


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