29 Phoenix Street

1 bedroom homes in Phoenix Street, Plymouth, Plymouth City, PL1 3DN

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £58,500 for 45% share
Full price from £130,000
Min deposit from £2,925
Monthly rent from TBC
Bedrooms 1
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

A modern fourth floor flat with views of Plymouth Sound and Mount Edgcumbe and are available through shared ownership in Plymouth.

The accommodation comprises of an entrance hallway, open plan kitchen/diner & lounge, double bedroom and a bathroom. The property further benefits UPVC double glazing and gas central heating.

Local area information

The subject is located in the town centre of Plymouth. The subject is well served with amenities and is surrounded by businesses, shops, schools and other accommodation blocks. The subject also has good access to transport links.

Status Plot No. Floor Beds Min share price Eligibility
Available 121 Fourth 1 £58,500 View details

FAQ's

Min share price from: £58,500 for a 45% share
Full price from: £130,000
Minimum deposit from: £2,925
Monthly rent from: £159
Bedrooms: 1
Bathrooms: 1

There is only one available priced at £58,500 for a 45% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

29 Phoenix Street

1 bedroom homes in Phoenix Street, Plymouth, Plymouth City, PL1 3DN

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £58,500 for 45% share
Full price from £130,000
Min deposit from £2,925
Monthly rent from TBC
Bedrooms 1
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes