PARK BOTTOM
A wonderful selection of two and three bedroom shared ownership homes, situated in the popular Cornish village of Park Bottom, on the outskirts of Redruth. In the current climate, home ownership may seem a far and distant possibility to a lot of people. However, it is far more achievable than you might initially think. Lenders are recognising what a great help d Ownership is and with deposits as little as 5% of the share you purchase, the scheme has become an affordable proposition. Gwel Kann is situated between Cornwall s rugged North Coast and its richly historic towns of Camborne and Redruth, in the quiet hamlet of Park Bottom. With easy access to local beaches (Portreath 2 mins drive), the gateway to the rest of County via the A30 only a 5 minute drive away and the beautiful Tehidy Country Park and Golf Club only a short walk away, as well as village amenities such as a local shop and village pub, Gwel Kann is the perfect location for home, work and play. d Ownership d Ownership is a Government scheme, also known as part-buy/part-rent, which allows you to buy part of a property, and pay rent for the part you don t own. The scheme allows you to start off with a share that you can afford, (e.g. between 35% minimum and 75% maximum initially). If your circumstances then change, you can buy more shares and eventually own 100% of your home. d Ownership is designed to help people who would not normally be able to afford an open market purchase. Quite often the total monthly cost of purchasing a shared ownership home will still be significantly cheaper than renting a similar property privately on the open market.
d Ownership 6 7 5 14 4
Plot 4, 6 & 7 costs of a 2 bedroom house - 150,000 (Open Market Value) Price of Total Cost Per Month Rent Mortgage* Service Charge 10% Deposit. 40% 50% 75% 60,000 75,000 112,500 470.02 495.92 560.68 187.50 156.25 78.13 228.62 285.77 428.66 53.90 53.90 53.90 6,000 7,500 11,250 *The mortgage is based on a 1.99% interest rate over 25 years.
Plot 5 & 14 costs of a 3 bedroom house - 165,000 (Open Market Value) Price of Total Cost Per Month Rent Mortgage* Service Charge 10% Deposit. 40% 50% 75% 66,000 82,500 123,750 513.52 542.02 613.25 206.25 171.88 85.94 251.48 314.35 471.53 55.79 55.79 55.79 6,600 8,250 12,375 *The mortgage is based on a 1.99% interest rate over 25 years.
Specification Kitchen Range of Howdens Greenwich high gloss base and eye level units in Stone with Grey Oak Block effect worktops Integrated Cooker & Hob Glass Splashback Karndene Knight Cumbrian Stone flooring Space for Washing machine/ Fridge Freezer Bathroom Contemporary white bathroom suite with complimenting wall tiles Mixer Shower over Bath Karndene Knight Cumbrian Stone flooring Shaving Mirror Glass shower screen General Allocated parking for 2 vehicles 10 year NHBC warranty
CLAUSES: Artist s impressions are intended for illustrative purposes. Actual finishes, details and any landscaping shown may vary. Floor plans are for identification purposes only and are not necessarily to scale. All prospective buyers should note that floor plans are solely intended for their guidance and nothing contained therein should be a statement of fact or representation warranty. All areas, dimensions and measurements shown are approximate and layouts are given as a guide only. They should not be relied on in any way. In particular, room dimensions have tolerances and should not be used to determine measurements for appliances or furtniture. From time to time, it may be necessary to amend plans. Our obligations under the Property Misdescriptions Act 1991 and Consumer Protection from Unfair Trading Regulations 2008 are not affected and every effort has been made to ensure that no statements made in this brochure are false or misleading. NB: The site plan does not form part of any contract of sale. Photos and finishes are typical of Coastline Housing. For enquiries contact us today on: Call: 01209 200230 Visit: www.coastlinehousing.co.uk/buy-home Email: home.ownership@coastlinehousing.co.uk VIEWING: For viewings of individual properties and/or a site visit, please contact us using the contact details provided. THE DEVELOPER: The developer reserves the right to change or modify any of the specifications outlined in this brochure at any time without prior notice. CALLS: Calls may be recorded for training and monitoring purposes. MEASUREMENTS: All measurements shown are approximate. AVAILABILITY: Site map availability correct at time of going to print. APPLICATION: Local connection required (Please ask for further details) TENURE: Leasehold (99 years) This scheme is being funded in Partnership with Cornwall Council & Homes & Communities Agency.