3 bed semi-detached house for sale

Launceston, Cornwall PL15

Launceston, Shared Ownership Property

Coastline is pleased to present this three-bedroom, semi-detached shared ownership house built in 2021. The home benefits from gas heating with 120 years remaining on the lease and 7 years on the NHBC warranty. Located in Launceston, you will need a local connection to the town of Launceston or the County of Cornwall to be eligible to apply. The front door opens into the lounge, with access to the stairs. The kitchen is located behind the lounge and has soft neutral decoration with an integrated oven and hob, and a double window overlooking the rear garden provides natural light into the room. A WC at the rear of the property completes the ground floor. Upstairs are three bedrooms, one double and two singles. The upstairs bathroom is fitted with white tiling and a shower over the bath with a glass shower screen. To the front of the property externally, are two parking spaces, with a flowerbed and shared porch. The rear garden is laid to lawn with a patio and garden path leading to flower beds. Please note that Coastline are acting on behalf on L&G for this resale.

To apply for this home, please register your interest on Share to Buy. If you have already registered your interest on Share to Buy you will have received an email from
Coastline’s Sales Team containing the online application form and guidance on the next steps to complete your application. Coastline’s Sales Team will
process applications on a first-come, first served basis, subject to receiving a complete application.

Figures

fmv: £265,000

50% Minimum Share: £132,500

Rent pcm: £287.57

Service Charges pcm: £30.35

Buildings Insurance pcm: £16.02

Eligibility

As part of your application, you are required to hold a local connection to the Town of Launceston. The local connection requirements are outlined within a planning
document issued by Cornwall Council called a “Section 106 Agreement”, which is unique to each new development.

Coastline Housing are responsible for approving your local connection and we will need to have all evidence of this before an offer of a property will be
made.

To meet the local connection criteria, you will need to meet one of the following:

A) Lived in the Town of Launceston for a continuous period of at least 12 months immediately prior to advertising b) Formerly lived within the Town of Launceston for a continuous period of 5 years.

C) Your place of work (16 hours or more a week and not including seasonal employment) is within the Town of Launceston immediately prior to advertising

d) Have a connection through a close family member (mother, father, brother, sister, son or daughter) where the family member is currently a resident and has been so
for a continuous period of at least 5 years immediately prior to advertising. *The local connection criteria does 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.

Proving your connection

So that we can approve your local connection, you will need to provide us with some documents as evidence.

If you are unsure on what you will need to provide, please contact the Sales Team.

Residency (a, b or d) – evidence to cover the relevant period for yourself or close
family member**

• Full Credit report showing
• Presence on the electoral roll - As you need to provide this to tmp as
• Part of your financial assessment, this is the easiest way to prove
• Criteria a or b

• Utility bills - One from each
• Year required

• Council tax bills

• Bank/credit card statements -
• One from each year required

• State benefit book or receipts
• Showing rent paid
• 
  

• Payslips showing home address -
• One from each year required

• Written certification from
• Either a solicitor/social worker/probation officer/inland revenue
• Officer/police officer/teacher or doctor
• 
  

**Please note that if you are using a family connection, you will also need to provide proof of family connection such as birth or Marriage certificates and change of
name documentation if applicable.

Employment (c) – evidence to cover the relevant Local Connection period

• Payslips showing employer's address
• 
  
• Employer’s letter confirming length and terms of employment (including hours worked if applicable)
• 
  

Particulars

Council Tax Band: C

EPC Rating: B

Tenure: Leasehold

Lease Length: 120 years