2 Bed House For Sale

Shared Ownership

This superb modern home is available to buy from as little as £56,000 with a 40% share!

This beautifully presented second-floor apartment on Cattedown Road offers bright, well-arranged accommodation in a highly convenient location close to the city centre and waterfront. The home features an inviting open-plan kitchen and living area, creating a spacious social hub ideal for both relaxing and entertaining. Large windows draw in plenty of natural light, giving the apartment a warm and airy feel throughout. Two generously proportioned bedrooms sit quietly to the rear of the property, providing comfortable spaces for rest, guests, or home-working. A modern bathroom completes the accommodation, with a clean and contemporary finish.
On-street permit parking is available. This appealing apartment is ideal for those looking for a stylish low-maintenance home close to the heart of Plymouth.

Cattedown enjoys an ideal position just a short distance from Plymouth’s vibrant city centre, offering easy access to everyday essentials, independent cafés, supermarkets, and the bustling Barbican waterfront. Excellent transport links make the area especially convenient, with nearby bus routes connecting directly to the city centre, the university, and the train station for wider travel. The location also benefits from close proximity to scenic coastal paths, green spaces, and the popular Sutton Harbour, making it a great choice for those who value both convenience and outdoor lifestyle opportunities.


PRICING & AFFORDABILITY

Full Market Value: £140,000

40% Share Price: £56,000 (rent £238.75 pcm)
Minimum 5% Mortgage Deposit (40% share): £2,800
Approximate Service Charges: £195.60 pcm*
Lease: 81 years (will be extended by 90 years on completion by the current leaseholder)

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £140,000 and a purchaser would not need to meet the eligibility criteria listed above.