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2 bedroom house for sale
Park An Dreas, Veryan, Truro, Cornwall, TR2
£74,000
Park An Dreas, Veryan, Truro, Cornwall, TR2
£74,000
Our Summary
- *SHARED OWNERSHIP* A two bedroom modern house requiring updating located in the popular village of Veryan on the outskirts of Truro
Description
This property is a two-bedroom modern house in the village of Veryan, near Truro, that is being sold through shared ownership. The full market value is £185,000, and the share purchase price is calculated based on the percentage share being purchased. If you buy a 40% share, the share purchase price would be £74,000, and the monthly rent would be £254.80. The rent is calculated as 2.77% of the remaining share of the full market value owned by the landlord, and in addition to the rent, there are monthly payments for service charges, estate charges, buildings insurance, and a management fee. The property can be purchased if your household income is £80,000 or less, and you meet certain criteria such as being a first-time buyer, having previously owned a home but cannot afford to buy one now, or forming a new household. As part of the application process, your finances and credit history will be assessed to ensure you can afford and sustain the rental and mortgage payments.