Affordable shared-ownership entry close to town, schools and transport links.
25% shared ownership available from £52,500, 5% deposit example £5,250
Full market value £210,000; rent on un-owned share £305.34 pcm
Estimated estate charge c. £207.79 pcm; annual service charge £2,487.48
Allocated off-street parking plus additional on-street parking nearby
Good-length lease remaining (approx. 171 years)
Modern build (post-2007), double glazing, mains gas central heating
Kitchen provides modern cabinets but space for appliances, not supplied
Very slow broadband speeds; local area purchase restrictions apply
This shared-ownership two-bedroom apartment on Calver Close offers an affordable route onto the property ladder in Penryn. Purchased from a 25% share for £52,500, it’s aimed at buyers who want a manageable upfront cost and lower combined monthly outgoings than full ownership.
Set in a modern development (built post-2007), the home feels light and welcoming with an open-plan living area, Juliet and French balconies, and views over communal gardens. Practical features include allocated off-street parking, mains gas central heating with boiler and radiators, double glazing, and a good-length lease (circa 171 years).
Buyers should note this is a shared ownership tenure: there is a monthly rent on the un-owned share (£305.34 pcm), estimated estate charge (about £207.79 pcm), and additional legal costs are likely for conveyancing. There is also a local area restriction on who may purchase this property — eligibility must be checked before proceeding.
Practical drawbacks to consider: broadband speeds are reported as very slow, which may affect home working or streaming; the kitchen currently offers space for appliances rather than fitted major appliances; and the service charge and rent add to monthly costs. Overall, this is an economical, well-located starter home with clear running costs to weigh against the lower initial purchase price.
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