Rosva Morgowr, Falmouth

A fantastic opportunity to purchase a spacious and modern AFFORDABLE HOME at 60% of its full market value. The apartment has two double-bedrooms and is located within the very sought after Swanvale area of Falmouth. LOCAL CONNECTION REQUIRED.

The apartment is being offered for sale as an affordable home at 60% of its full market value.

For the first 2 weeks of marketing applications are open to local buyers with a Falmouth connection looking to get onto the housing ladder at this time.

After the initial 2 weeks marketing, if a local buyer hasn't been found, then applications will be opened out to buyers with a Cornwall connection.


A stunning first-floor, modern, purpose-built apartment situated within the popular Wain Homes development at the rear of Swanpool. The apartment offers lovely light and airy accommodation with calming, green views from the bedrooms. Entering the apartment there is a hallway providing access to all rooms. There is a very spacious, dual aspect principal bedroom, along with a second double bedroom and a lovely modern fitted bathroom. There is a spacious, open-plan, kitchen-dining-living room, with windows along two sides bringing in lots of light.
The kitchen has been tastefully fitted with a range of modern units along with an integrated oven and gas hob with extractor hood. There is plenty of space for a dining area as well as a generous seating area.

EPC- B
Council Tax Band- B
Double Glazing
Gas Central Heating and Hot Water
One Allocated Parking Space
Mains Electricity, Water and Drainage
Ultrafast broadband available at this postcode. (Source - Ofcom.org.uk)
Mobile Phone Coverage: O2 / EE / Three / Vodafone - Please contact individual providers for further information
Leasehold 999 years from 1 January 2015 - 988 years remaining

Full open-market value = £245,000
60% share = £147,000

Service Charge - £1659 per annum
Ground Rent - £251.44 per annum
Managing Agents - First Port

An annual Estate Maintenance Fee of £189.92 is payable to Wain Homes for maintenance of the communal areas of the estate.
 

EPC- B
Council Tax Band- B
Double Glazing
Gas Central Heating and Hot Water
One Allocated Parking Space
Mains Electricity, Water and Drainage
Ultrafast broadband available at this postcode. (Source - Ofcom.org.uk)
Mobile Phone Coverage: O2 / EE / Three / Vodafone - Please contact individual providers for further information
Leasehold 999 years from 1 January 2015 - 988 years remaining

Full open-market market value = £245,000
60% share = £147,000

Service Charge - £1659 per annum
Ground Rent - £251.44 per annum
Managing Agents - First Port

An annual Estate Maintenance Fee of £189.92 is payable to Wain Homes for maintenance of the communal areas of the estate.
 

LOCATION
Rosva Morgowr is a sought-after location on the outskirts of Falmouth town centre with footpaths off the development to Swanpool Beach, the Nature Reserve and Falmouth Golf Club.
Falmouth is exceptionally located on the south coast of Cornwall and has an abundance of local amenities as well as being well connected by roads and train services to the rest of Cornwall and beyond. Swathed in maritime history, Falmouth is now a vibrant hub for sporting and cultural pursuits. The south Cornish coast offers fabulous walking and hiking trails just a stone's throw from Swans Reach. There are numerous yacht and sailing clubs with some of the finest day sailing waters in the UK and Falmouth Golf Club is located nearby at Swanpool. Additionally, Falmouth is a hub for the Arts in Cornwall, with the Princess Pavilion and The Poly offering a rich programme of events throughout the year.
 

Eligibility

Preference is given to those with a local connection to Falmouth however we can also consider those with a Cornwall connection if no applicants with the town connection come forward after a period of 2 weeks from advertising. Please note that local connection exemptions apply to applicants who are subject to the Armed Forces Covenant, Care Leavers under the age of 25 and/or Victims of Domestic Abuse:

- 12 months + current residency
OR
- permanent employment 16 hours + per week
OR
- Previous residency of 5 years +
OR
- Close family connection where that family member has lived for 5 + years (Mum/Dad/Son/Daughter/Brother/Sister)

In addition the applicant will need to:
- Be in Housing Need - i.e. living with family/renting and otherwise unable to afford a home on the open market
- Have a maximum household income of £80,000
- Have a minimum 10% deposit (or 5% with relevant AIP)
- Have a recent AIP from a s.106 lender (Nationwide/Halifax/Leeds/Santander/TSB/Skipton being the main ones we are aware of)
- Have viewed and offered on the property

PROOF OF YOUR LOCAL CONNECTION (USUALLY IN THE FORM OF COUNCIL TAX / UTILITY BILLS, BANK STATEMENTS, PAYSLIPS ETC, WILL NEED TO BE PROVIDED IN ORDER TO MAKE AN OFFER ON THE PROPERTY.


 

ANTI MONEY LAUNDERING REGULATIONS - PURCHASER
We are required by law to ask all purchasers for verified ID prior to agreeing a sale.

PROOF OF FUNDS - PURCHASERS
Prior to agreeing a sale, we will require proof of financial ability to purchase which will include an agreement in principle for a mortgage and/or proof of cash funds.