Section 106 affordable home sold at 64% of open market value
999-year lease from 2017 — long leasehold security
Two double bedrooms; open-plan lounge/kitchen diner
Immaculately presented and newly renovated throughout
Allocated off-street parking and communal bin store
Annual lease/service charge approx £1,700; estate charge ~£300
Subject to Section 106 eligibility and lender AIP requirements
No sea or rural views; above ground-floor commercial units
A rare Section 106 two-bedroom first-floor apartment in the sought-after Duchy development at Nansledan. Offered at 64% of open market value for eligible buyers, this immaculately presented home provides a long 999-year lease (from 2017), allocated off-street parking and contemporary living space ideal for first-time buyers or local households seeking affordable ownership.
The apartment feels light and airy with an open-plan lounge/kitchen diner, two double bedrooms and a modern bathroom. Neutral finishes, quality floorcoverings and gas central heating with a combi boiler create a ready-to-live-in home with minimal immediate maintenance needs.
Buyers must meet Section 106 eligibility (local connection, income and lender requirements) before purchase. Annual costs include a lease/service charge of around £1,700 plus an estate charge of roughly £300 per year. The property sits above ground-floor commercial units, fronts the development’s street scene and does not offer rural or sea views.
In short: a move-in-ready affordable home in a fast-developing, well-regarded neighbourhood — strong long-lease security and low crime, but subject to resale restrictions and recurring service charges that buyers should factor into affordability calculations.
