Section 106 - discounted for people with a local connection (see criteria)
One bedroom flat
Discounted to 82.5% of market value (from £140,000 to £115,000)
A 15% deposit and mortgage agreed in principle is required to apply
A stylish modern one double bedroom first floor flat in a popular building at the edge of this vibrant university town. The property is discounted for people who have lived or worked in Cornwall or have a local connection (see section 106 eligibility criteria).
Section 106 Information & Criteria
• Local connection to Penryn/Cornwall through:
3 years + residency/permanent employment of 16 + hours per week
Former residency of 5 + years
Close family connection who have resided for 5 + years (Mother/Father/Son/Daughter/Brother/Sister)
• Housing need – i.e. renting/living with family.
Unable to afford on the open market.
• Mortgage Agreement In Principle for the required
amount plus deposit of a minimum 15%
• Viewed and made an offer on the property
Find Out If You're Eligible
Why You'll Like It
A stylish and spacious one bedroom first floor flat, beautifully appointed with modern kitchen and shower room. Situated at the edge of Penryn, the building has been sympathetically designed with feature weatherboarding for a coastal look. Inside the communal areas are spacious and contemporary with stainless and glass balustrades. The flat is on the first floor at the rear of the building overlooking the rear garden. Inside there's a spacious hallway with airing cupboard. The open plan kitchen / living / dining room is large with a Juliette balcony. The kitchen is fitted with a range of shaker style units and laminated work surface. There's an integrated oven, hob and extractor along with built-in fridge / freezer and washing machine. the solid timber breakfast bar seats four comfortably and adds additional work surface. There is one double bedroom which also looks out over the communal garden and the shower room is fitted with a contemporary white suite and thermostatic mixer shower. There's double glazing in the property and electric heating.
Where It Is
Penryn is a historic market town located on the Penryn River which joins the River Fal at Falmouth. Sailing and rowing are very popular here and there is a vibrant mix of local shops, cafes, restaurants and bars. Falmouth University's campus is located at the edge of the town adding to the creative cultural hub that the town has become.
Kitchen / Lounge / Diner
19' 0'' x 13' 5'' (5.8m x 4.1m)
Maximum dimensions L shaped room
10' 6'' x 9' 10'' (3.2m x 2.99m)
7' 10'' x 5' 3'' (2.4m x 1.6m)
Maximum dimensions into the shower enclosure
The ground rent is £150 per year
Service charge is £840 per year
The lease on the flat is 999yrs as of 2007.
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