Shared ownership at Hawkers Reach, Cornwall, PL28 8FL

Hawkers Reach

Polpennic Drive, Padstow, PL28 8FL

For salenew home
Shared ownership
Live from space album cover

from

£265,000

2 bedroom

Register interest

from £106,000

with min. deposit £5,300

£106,000

2 bedroom End of terrace house

Availability

For sale

Minimum share

40%

Full market price

£265,000

Deposit from

£5,300

Monthly service charge

£0

Bedrooms

2

Bathrooms

1

Reception rooms

1

Number of floors

1

Tenure

leasehold

Overview

Are you looking for a more affordable way to step onto the property ladder? You could move into your own new build home in Padstow for as little as £106,000 by taking advantage of our Shared Ownership option (exclusively available for Cornish residents). Hawkers Reach is a stunning collection of 2 and 3 bedroom new build properties from Beech Grove Homes. Every home has luxurious finishing touches, opulent en-suite bathrooms and sumptuous bedrooms to unwind in and has been built to the highest of standards, with practical layouts and quality fixtures and fittings throughout. Our homes are just a 10 minute walk from Padstow town centre a...

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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