Summary -
1 The Sidings,St. Newlyn East,NEWQUAY,TR8 5FB
TR8 5FB
3 bed 1 bath Semi-Detached
Modern three-bedroom shared-ownership home with garden, parking and air-source heating..
- 40% shared ownership; staircasing to 100% permitted
- Share price £114,000; full price £285,000
- Monthly rent £422.38; service charge £32.59 (subject to review)
- 89 years remaining on the lease
- South-westerly facing, low-maintenance rear garden
- Allocated off-street parking for one vehicle
- Air source heat pump with electric radiators
- Section 106 local-connection eligibility applies
A bright three-bedroom semi-detached home offered as a 40% shared ownership in the popular village of St Newlyn East. The house is presented well throughout with a south-westerly rear garden, allocated off-street parking and an efficient air source heat pump providing electric heating via radiators. The kitchen-diner with patio doors links neatly to the low-maintenance garden, and two double bedrooms plus a single room suit families or a home office.
This is a genuine entry-level opportunity: the share price is £114,000 (full market value £285,000) with monthly rent of £422.38 and a modest monthly service charge of £32.59. There are 89 years remaining on the lease and purchasers can staircase to 100% ownership. While modern and comfortable, the property remains a leasehold shared-ownership home with ongoing rent and service charge reviews.
Applicants should note a Section 106 local connection requirement and that eligibility assessment is required before applying. The village location offers local amenities and a primary school, with Newquay and coastlines about 15 minutes’ drive — attractive for buyers prioritising countryside village life with easy coastal access.
Practical points: single bathroom, modest garden and allocated parking for one vehicle. The home is well suited to first-time buyers or those seeking an affordable step onto the ownership ladder, provided they are comfortable with the shared ownership conditions and leasehold arrangements.
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