Mowhay Meadow, Fraddon, St. Columb

SHARED OWNERSHIP! A three-bedroom semi-detached home located within a popular village. The property benefits from an enclosed garden and allocated parking.

Property Description - This is a 3 bedroom semi detached house, situated in the popular village of Fraddon. This property benefits from enclosed garden to the rear and allocated parking.

Location - Mowhay Meadow is situated in a small cul-de-sac in the village of Fraddon, which benefits from everyday amenities and facilities including pubs, restaurants, doctors and shops. The village also has good access links to the A30.

Section 106 Restrictions - This property is subject to a Section 106 Agreement (s.106) with a local connection requirement to the parish of St Enoder along with a full financial assessment to ensure that the property is affordable and sustainable for you.
The local connection requirement may not apply if you are a serving or previously serving member of the regular armed forces or qualifying under any other clause of the Allocation of Housing (qualification criteria for armed forces) (England) regulations 2012.
Properties are allocated on a first come first serve basis subject to meeting the requirements of the s.106 and demonstrating affordability.

Accommodation - Ground Floor
Living Room
Kitchen/Diner
Downstairs W/C

First Floor
Landing
Bedroom one
Bedroom two
Bedroom three
Family Bathroom

Exterior
Enclosed Rear Garden
Allocated Parking

Share Example - Share price: 40% share £104,000
Full price: £260,000
Monthly rent: £325.06
Monthly service charge: £52.10
*monthly rent and service charge subject to annual review

Tenure - Leasehold with 86-years remaining on the lease.

Additional shares available subject to affordability
*monthly rent and service charge subject to annual review
*Staircasing up to 100%

Material Information - Verified Material Information

Costs and tenure
Tenure: Leasehold
Lease length: 86 years remaining (99 years from 2013)
Service charge: £625/year
Shared ownership: 40% owned
Council tax band: B
EPC rating: C

The building
Semi-detached house, standard construction
3 bedrooms, 1 bathroom, 1 reception

Services
Mains electricity
Mains water
Mains foul drainage
Mains surface water drainage
Electricity central heating
Broadband: FTTC (Fibre to the Cabinet)
Mobile coverage: O2 good, Vodafone good, Three good, EE good
Parking: Allocated
Not in a controlled parking zone
No disabled parking available

Risks and restrictions
Not a listed building
Not in a conservation area
No tree preservation order
Title register restrictions (CL303223):
- The owner cannot sell or transfer the property on their own without a court order or unless they are part of a trust corporation; this is a common rule to protect the interests of joint owners.
- The owner cannot sell or transfer the property without a certificate from the landlord confirming that certain rules in the lease have been followed.
- The owner must get written consent from Leeds Building Society before selling or transferring the property, which is a standard requirement for properties with a mortgage.
- The owner must get written consent from Lesley, Stephen & Co. Limited before selling or transferring the property.
- The lease contains rules that limit the owner's ability to sell or sub-let the property without following specific procedures.
-There is a requirement for the owner to give back the lease under certain specific circumstances mentioned in the lease document.
Non-coal mining area: yes

All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.