Summary - Calver Close, Penryn, Cornwall, TR10 TR10 8SG
1 bed 1 bath Flat
Buy a 40% share with a small deposit near Penryn shops, schools and trains.
40% shared ownership available from £68,000 with low minimum deposit
Allocated off-street parking for one vehicle plus on-street parking
Ground-floor one double bedroom with communal rear lawned garden
Service charge approx £1,367.52 annually; estate charge £113.96pcm
Rent on unowned share approx £218.10pcm; additional legal fees likely
Lease term 83 years remaining — review with conveyancer advised
Very slow broadband speeds — not ideal for heavy remote working
Local area restriction on purchasers; eligibility required prior to sale
A well-presented one-bedroom ground-floor apartment offered as a 40% shared-ownership purchase, ideal for first-time buyers seeking a low-deposit route onto the property ladder. The accommodation includes an open-plan living/dining area, a double bedroom, practical bathroom and kitchen, and comes with one allocated parking space. The property sits in a quiet cul-de-sac within easy walking distance of Penryn town centre and local transport links.
Practical running costs are clear: estimated estate charge of £113.96pcm, rent on the unowned share £218.10pcm, and a service charge averaging £1,367.52 annually. The remaining lease term is 83 years; this is adequate for shared-ownership purchase but should be checked with a solicitor. Council tax is very cheap and the area records low crime rates, adding to the appeal for a first home.
There are some important constraints to note. Broadband speeds are very slow in this location, which may affect home working or streaming. There is a local area restriction on who can buy this home — you must confirm eligibility before proceeding. The flat is modern and well maintained but compact (approx. 501 sq ft) and shares communal outdoor space rather than a private garden.
Overall this property offers an affordable route into Penryn with practical features, allocated parking and nearby amenities. Buyers should factor in the shared-ownership costs, lease length, and broadband limitations when deciding whether to view and progress.
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