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Property Listing Details

2 bed flat for sale

George Place, Millbay, Plymouth PL1

  • Sold subject to contract

£130,000

Features

  • 2 bedrooms
  • 1 bathroom
  • 1 reception room
  • 2 Bedroom Duplex Apartment
  • Brand New Conversion
  • Central Location
  • Secure Gated Parking
  • Rent to Buy Scheme
  • Rent Paid Contribution Towards a Deposit

Listing view statistics

Last 30 days: 32 page views

Since listed: 672 page views

Description

Property description how it works - Tenants pay market value rent for up to 20 years, with an option to purchase at any time from year 2, up to year 5 of the tenancy. If they decide to take up the purchase option, 50% of the rent paid to the date of purchase will count towards a deposit up to a maximum of 10% of the market value on day of purchase.

Creating a deposit and building up credit history is typically the major barrier to first time buyers – this arrangement tackles both.
If, however, circumstances or personal choice means the tenants decide not to buy, by year 5, they still have the security of renting for a further 15 years; the choice is entirely their own.

This fantastic development is the result of a pioneering partnership between qsh, Plymouth City Council and South Devon Rural Housing Association (sdr). Plymouth City Council sold the building to qsh as part of its plan for Empty Homes initiative. The building has since under-gone quite a transformation, into 11 tastefully converted apartments. Sdr have been consulted on aspects of the development and once occupied, will manage the building and tenancies on behalf of the Landlord, qsh.

If you are looking at an easy way to get on the housing market then this is an opportunity not to be missed. Phone Maitlands on to discuss exact costs, prices, how it works and the benefits alongside the size and finish of the individual apartments.

Area description This property is very well centrally positioned close to Plymouth's famous waterfront and you are within walking distance of the City Centre, the historic Royal William Yard and Plymouth Hoe. A real up and coming area, with high class restaurants, wine bars and funky nightlife all in walking distance on the Barbican, this is a great spot to set up home.

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • " role="presentation" aria-hidden="true"> Plymouth School of Creative Arts 0.2 miles
  • " role="presentation" aria-hidden="true"> High Street Primary Academy 0.2 miles
  • " role="presentation" aria-hidden="true"> Plymouth Ferry Terminal 0.3 miles
  • " role="presentation" aria-hidden="true"> Plymouth Stonehouse Ferry Terminal 0.4 miles

Price history

Sold prices provided by Land Registry
17th Apr 2018 £130,000 First listed

Running costs

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These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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Property descriptions and related information displayed on this page are marketing materials provided by Maitlands. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Maitlands for full details and further information.