3-bedroom house · TR9 6FW
Listing removedListed 119 days
Opportunity summary
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About
Shared ownership! A three-bedroom semi-detached home located within a popular village. The property benefits from an enclosed garden and allocated parking.
Property Description This is a 3 bedroom semi detached house, situated in the popular village of Fraddon. This property benefits from enclosed garden to the rear and allocated parking.
Location Mowhay Meadow is situated in a small cul-de-sac in the village of Fraddon, which benefits from everyday amenities and facilities including pubs, restaurants, doctors and shops.
The village also has good access links to the A30.
Section 106 Restrictions This property is subject to a Section 106 Agreement (s.106) with a local connection requirement to the parish of St Enoder along with a full financial assessment to ensure that the property is affordable and sustainable for you.
The local connection requirement may 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.
Properties are allocated on a first come first serve basis subject to meeting the requirements of the s.106 and demonstrating affordability.
Accommodation Ground Floor Living Room Kitchen/Diner Downstairs W/C First Floor Landing Bedroom one Bedroom two Bedroom three Family Bathroom Exterior Enclosed Rear Garden Allocated Parking Share Example Share price: 40% share £104,000 Full price: £260,000 Monthly rent: £325.06 Monthly service charge: £52.10 *monthly rent and service charge subject to annual review Tenure Leasehold with 86-years remaining on the lease.
Additional shares available subject to affordability *monthly rent and service charge subject to annual review *Staircasing up to 100% Material Information Verified Material Information Costs and tenure Tenure: Leasehold Lease length: 86 years remaining (99 years from 2013) Service charge: £625/year Shared ownership: 40% owned Council tax band: B EPC rating: C The building Semi-detached house, standard construction 3 bedrooms, 1 bathroom, 1 reception Services Mains electricity Mains water Mains foul drainage Mains surface water drainage Electricity central heating Broadband: Fttc (Fibre to the Cabinet) Mobile coverage: O2 good, Vodafone good, Three good, EE good Parking: Allocated Not in a controlled parking zone No disabled parking available Risks and restrictions Not a listed building Not in a conservation area No tree preservation order Title register restrictions (CL303223): - The owner cannot sell or transfer the property on their own without a court order or unless they are part of a trust corporation; this is a common rule to protect the interests of joint owners.
- The owner cannot sell or transfer the property without a certificate from the landlord confirming that certain rules in the lease have been followed.
- The owner must get written consent from Leeds Building Society before selling or transferring the property, which is a standard requirement for properties with a mortgage.
- The owner must get written consent from Lesley, Stephen & Co. Limited before selling or transferring the property.
- The lease contains rules that limit the owner's ability to sell or sub-let the property without following specific procedures.
-There is a requirement for the owner to give back the lease under certain specific circumstances mentioned in the lease document.
Non-coal mining area: Yes All information is provided without warranty. Contains hm Land Registry data © Crown copyright and database right 2021.
This data is licensed under the Open Government Licence v3.0. The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: Builder, plumber, electrician, damp, and timber expert.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 10, Mowhay Meadow, St. Columb
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