Rosemoor Road, Gulval, Penzance, Cornwall, TR18

*LAST CHANCE TO BUY - LAST SHARED OWNERSHIP HOME*

Stunning new shared ownership four bedroom home, local connection applies, contact us for more information and an appointment to view.

Located on the outskirts of Penzance town within the village of Gulval, Foxes Field offers an exciting opportunity to purchase a shared ownership home. These homes have been very popular and this is the last home at the development so hurry.

Conveniently located to access the many amenities on offer, the development is also ideally situated for the A30 and nearby train station for those wishing to commute. Shopping facilities include local markets, independent shops along with mainstream supermarket options.

The village benefits from a highly regarded primary school and both secondary and further education options are available in the nearby town of Penzance.

Just a short distance away there is access to the seafront of Mounts Bay with its stunning coastal walks whilst inland you will find breath-taking moorland and countryside to explore.

Please contact Miller Countrywide Penzance for more information.

Price advertised is based on a 75% share, full market value of £430,000, example below:-

Monthly service charge of £25.77
Monthly rent of £223.96
Monthly buildings insurance of £16.31

Further share purchases are available upon request. The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

Is Shared Ownership right for me?
- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property
… then Shared Ownership could be right for you!

How does Shared Ownership work?
You buy a share in your home that’s right for you. That could be from 25% up to 75% initially. You’ll pay a reduced rent to us on the share we own and a monthly service charge.

As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.

Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.

Shared Ownership generally costs less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.

Local connection criteria,

Priority will be given to those with a Local Connection to the Town of Penzance including Gulval, followed by a person who has a Local Connection to the County of Cornwall.

If after 70 days from the date of the release of the homes for sale, the homes may be opened up to a person who has a Local Connection to the Town of Penzance including Gulval or the County of Cornwall, who meets the minimum Local Connection.

"Local Connection" means a connection with the Town or County as appropriate and demonstrated by that person or a member of their Household to the reasonable satisfaction of the Council:

(a) being permanently resident therein for a continuous period of at least three (3) years immediately prior to the date of a Housing Application and that residence is of their own choice; or
(b) having his or her place of permanent work (normally regarded as 16 hours or more a week and not including seasonal or casual employment) therein for a continuous period of at least three (3) years immediately prior to the date of a Housing Application; or
(c) having a connection through a close family member (normally mother, father, brother, sister, son or daughter) where the family member is currently resident therein and has been so for a continuous period of at least five (5) years immediately prior to the date of a Housing Application and where there is independent evidence that the family member is in need of or can give support for the foreseeable future or on an ongoing basis; or
(d) being permanently resident in the County for ten (10) out of the first sixteen (16) years of life
(e) being in such other special circumstances which the Council considers requires the applicant to reside therein as appropriate and which is consistent with the Council's Cornwall Homechoice policy as amended from time to time

"Minimum Local Connection" means a connection with the County and demonstrated by that person or a member of their Household to the reasonable satisfaction of the Council:

(a) being permanently resident therein for a continuous period of at least 12 months immediately prior to the date of a Housing Application and that residence is of their own choice; or
(b) having his or her place of permanent work (normally regarded as 16 hours or more a week and not including seasonal or casual employment) therein immediately prior to the date of a Housing Application