Long Rock, Penzance, Cornwall, TR20

**BRAND NEW SHARED OWNERSHIP COASTAL HOME WITH PARKING - CLOSE TO BEACH - READY SUMMER**

Available to purchase at JUST £251,250 with a deposit of ONLY £12,562.5 which represents a 75% share of the full market value of £335,000.

What is Shared Ownership? Shared ownership could be your step on to the property ladder. This home ownership scheme allows you to purchase a share in your home and rent the remaining unowned share.

Over time you can buy more shares in your home until you own the full 100%. How does Shared Ownership Work? You buy an initial share of between 40% and 75% of the property's full value and pay a subsidised rent on the remaining share you don't own. You may purchase further shares up to 100% of the full property value, as your circumstances change, although there is no obligation to do so.

You will be asked to speak with a Financial Advisor to assess what share you can buy, ensuring this is both affordable and sustainable, based on your circumstances. Shared ownership can be cheaper than renting a property privately as the mortgage cost and subsidised rent usually add up to less than the equivalent rental payments to a landlord.

Example:
. Property Purchase price £335,000
. You purchase a 75% share = £251,250 funded through a combination of your own deposit (£12,562.5) and mortgage (£238,687.5)
. You rent the remaining 25% share = £83,750 x 2.75% rent = rent of £174.47 per month
. 75% is the maximum share price which you can initially purchase.
. There is an option to purchase up to 100% of the property value at a later point should you wish to do so.
. You enjoy all the benefits of living in a brand new home with an open market value of £335,000
. You can stay in the property for as long as you wish and can sell the share you own at any time. You make the decisions.
. Please speak to one of our advisors to find out more about owning a share of this fabulous property.

In addition, prospective purchasers will need to demonstrate a local connection, further details upon request.

Welcome to Morva Reach, a new collection of thoughtfully-designed two, three and four bedroom homes near the beautiful Cornish town of Penzance by Beech Grove Homes.

Just a couple of minutes down the road from Morva Reach brings you to Long Rock Beach, the perfect spot to spend an afternoon in the sunshine. You can spend the day walking your four-legged friend, relaxing by the sea or taking a camera to capture some shots of St Michael’s Mount in the distance.

This fantastic development appeals to anyone looking for their new home on the picturesque Cornish coast. Found on the outskirts of Penzance, Long Rock is well-known for its charming aesthetic and wide variety of attractions offering something for everyone.

Plot 24 is part of The Asher range and these desirable homes will be very popular as, they feature a spacious living room to the right of the property, and following the hallway brings you to the open-plan kitchen/dining room. Downstairs also includes a WC and two built-in storage cupboards.

Upstairs, there is a master bedroom to the front and two additional bedrooms to the rear, plus a
family bathroom.

Room Dimensions:

Living Room 11’ 8” x 13’ 9”
Kitchen/Dining Room 19’ 3” x 12’ 6”
WC 11” x 6’ 2”
Bedroom 1 11” x 13’ 2”
Bedroom 2 10’ 4” x 13’ 2”
Bedroom 3 8’ 7” x 9’ 5”
Bathroom 7’1” x 6’3”

Total Area: 94.64m2 / 1018.70sqft

SPECIFICATIONS

KITCHENS

• Symphony Kitchens
• One and half bowl sinks*
• Stainless steel splashback to hob
• Laminate worktops with upstands
• Indesit integrated single oven, gas hob
and cooker hood
• Double oven (Newlyn, Trewidden &
Spiers)
• Integrated fridge freezer
• Integrated dishwasher (Newlyn,
Trewidden & Spiers)
• Provision for dishwasher (Atkins, Cooper,
Asher)

BATHROOMS

• Ideal Standard Sandringham Tempo
sanitaryware or similar
• Contemporary taps by Ideal Standard
• Porcelanosa ceramic tiling
• Over-bath shower
• Over-bath shower screen

ENSUITES (NEWLYN & TREWIDDEN)

• Ideal Standard Sandringham Tempo
sanitaryware or similar
• Shower tray and enclosure
• Thermostatic shower
• Contemporary taps by Ideal

UTILITY ROOMS (NEWLYN &
TREWIDDEN)

• Sink
• Washing Machine and Dryer Space

INTERNAL FINISH

• Smooth ceiling and wall finish with white
emulsion
• Woodwork in gloss white finish
• Vinyl flooring to kitchens, kitchen/diners,
bathrooms, WC’s and ensuites
• Contemporary door furniture
LIGHTING AND ELECTRICAL
• Downlights to kitchens, WC’s,
bathrooms and ensuites
• TV point to lounge and master bedroom
• Honeywell thermostats

HEATING

• Ideal combination boilers
• Myson Premier radiators
• White heated towel rail to bathrooms

EXTERNAL FEATURES

• Electrical Vehicle Charging
• External lights to front and rear
• Turfed rear gardens
• Turfed front gardens
• Large patio area
• Solar PV to select properties
• Ecological enhancements to select
properties
• Detached garage (Newlyn & Spiers)
• Integrated garage (Trewidden)

PEACE OF MIND

• Allocated parking
• Lockable double glazed windows
(except for escape windows)
• Mains wired smoke detectors, heat
detectors and carbon monoxide alarms
• 10 years NHBC Warranty

Less than a 10 minute drive from Morva Reach, the centre of Penzance is home to everything you would expect from a popular town, including a variety of both Highstreet and independent shops, bars, restaurants and a cinema. St Clare Medical Centre and West Cornwall Hospital are both situated in the town for any medical needs, as well as a number of highly-rated primary and secondary schools.

From Morva Reach, a number of convenient transport options are available for you to make use of. A couple of minutes up the road from the development brings you to the A30 Long Rock Bypass, which offers routes north via the A30 or following the coast east via the A394. If you’d like to travel via public transport, there are numerous bus routes running through Long Rock via the main road, which offers easy connections to many local towns including Truro, St. Ives and Cambourne. The nearest train station is in Penzance, which also provides regular services to towns further afield.

With homes available for purchase via outright sale or shared ownership, make your move to Morva Reach and find your new home in the Cornish countryside.

For further information on securing a home at Morvah Reach please contact our local sales teams. Please note, viewings are not possible at this time as he home is in construction. This home is due to be ready in Summer 2024, build dates are subject to change. All images are representative only.