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2 bed flat for sale

£61,250 (£81/sq. ft) Shared ownership

Lynx Lane, Sherford, Plymouth, Devon PL9

2 1 759 sq. ft*

Images may include optional upgrades at additional cost

Interested in this property? Call +44 1548 389902 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Plot 23 - 30%

Second floor, 2 bedroom apartment with 1 parking space

Full price - £175,000

30% share price - £61,250

Rent including buildings insurance and service charge - £385.46

A great opportunity to buy a brand new 2 bedroom shared ownership home in the exciting new community of Sherford, just outside of Plymouth.

£250 Marks & Spencer voucher if you exchange before 22nd December #ChristmasdinneronDCH

What is shared ownership?

You buy an initial share in your new home - usually between 25% and 75% - and you pay a discounted rent on the remaining share. The share you buy will be the most you can afford based on a financial assessment.

Then, if your financial circumstances improve, you can buy further shares as and when it is appropriate to you, and in most cases you can own your home outright.

In some rural areas, there may be a restriction on how much you can buy. You will be fully informed of this restriction at the start of your purchase.

Property Features

  • New build
  • 2 bedrooms
  • Chain free
  • Modern fitted kitchen with integrated cooker & hob and space for appliances
  • One allocated parking space
  • Gas central heating
  • Open plan living, kitchen and dining room
  • Carpets included
  • Available to view now

    Location

    Sherford is a new community being developed in the heart of Devon. Located on the Eastern outskirts of the lively city of Plymouth, Sherford will occupy over 1,200 acres of farmland between the A38 and A379. Set in one of the country's most picturesque locations, Sherford will both respect and enhance the surrounding landscape - making it one of the most desirable places to live and work.

    Accommodation briefly comprises

    Inside - Entrance hallway, 2 double bedrooms, family bathroom with shower over the bath, open plan living, kitchen and dining room.
    Outside - 1 allocated parking space
  • Market activity
    Average price paid £241,312 Sales 498 Current average value £270,924 (Zoopla Zed-Index) Value change £13,238 ▲ 5.14%

    Property value data/graphs for PL9

    Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
    Detached £353,337 £268 3.5 £307,013
    Semi-detached £236,984 £237 3.1 £219,347
    Terraced £208,523 £241 2.8 £192,731
    Flats £145,823 £210 1.8 £154,254

    Current asking prices in PL9

    Average: £296,104
    Avg. current asking prices in PL9
    Property type 1 bed 2 beds 3 beds 4 beds 5 beds
    Houses - £197,841
    (32)
    £253,039
    (58)
    £361,824
    (67)
    £477,035
    (21)
    Flats £123,000
    (5)
    £142,990
    (13)
    £189,962
    (4)
    - -
    All £123,000
    (5)
    £181,995
    (45)
    £248,969
    (62)
    £361,824
    (67)
    £477,035
    (21)

    Current asking rents in PL9

    Average: £829 pcm
    Avg. current asking prices in PL9
    Property type 1 bed 2 beds 3 beds 4 beds 5 beds
    Houses £514 pcm
    (2)
    £679 pcm
    (5)
    £780 pcm
    (9)
    £1,245 pcm
    (8)
    £2,015 pcm
    (1)
    Flats £562 pcm
    (4)
    £581 pcm
    (3)
    £655 pcm
    (5)
    - -
    All £546 pcm
    (6)
    £642 pcm
    (8)
    £735 pcm
    (14)
    £1,245 pcm
    (8)
    £2,015 pcm
    (1)

    Fun facts for PL9

    Highest value in PL9
    Highest value streets Zed-Index
    Lord Louis Crescent £804,929
    Spring Road £690,284
    Wembury, Plymouth PL9 £506,726
    Osprey Gardens £506,080
    Renney Road £503,231
    Highest turnover in PL9
    Highest turnover streets Turnover
    Killerton Lane 83.3%
    Shaw Way 50.0%
    Holwell Close 50.0%
    Cobb Lane 46.7%
    Ryeland Close 46.2%

    What Zoopla users think of Plymouth

    Overall rating:

    • currently 4 stars
    Very good - 78% (261 ratings)

    Ratings breakdown:

    • currently stars
    Community & safety
    • currently stars
    Entertainment & nightlife
    • currently stars
    Parks & recreation
    • currently stars
    Restaurants & shopping
    • currently stars
    Schools & public services
    • currently stars
    Transport & travel

    Rate Plymouth:

    Tell us what you think of this area by rating these categories.
    Please note your vote will only be counted once.

    Community & safety
    • currently stars
    • 1
    • 2
    • 3
    • 4
    • 5
    Entertainment & nightlife
    • currently stars
    • 1
    • 2
    • 3
    • 4
    • 5
    Parks & recreation
    • currently stars
    • 1
    • 2
    • 3
    • 4
    • 5
    Restaurants & shopping
    • currently stars
    • 1
    • 2
    • 3
    • 4
    • 5
    Schools & public services
    • currently stars
    • 1
    • 2
    • 3
    • 4
    • 5
    Transport & travel
    • currently stars
    • 1
    • 2
    • 3
    • 4
    • 5

    Nearby transport

    • Plymouth (4.1 miles)
    • Devonport (5.3 miles)
    • Dockyard (Devonport) (5.5 miles)
    • Exeter International Airport (37.9 miles)
    • Cardiff Airport (77.7 miles)
    • Bristol Airport (91.3 miles)
    • Plymouth Mount Batten Ferry Landing (3.4 miles)
    • Plymouth (Barbican) Landing Stage (3.6 miles)
    • Newton Ferrers Ferry Landing (3.6 miles)

    Nearby schools

    View all schools in Plymouth
    • Elburton Primary School (0.7 miles)
    • Plympton St Maurice Primary School (1.1 miles)
    • Dunstone Community Primary School (1.1 miles)
    • City College Plymouth (5.1 miles)
    • UTC Plymouth (5.5 miles)
    • Lifeworks College (16.1 miles)
    • Longcause Community Special School (1.2 miles)
    • Coombe Dean School Academy Trust (1.4 miles)
    • Plympton Academy (1.5 miles)
    Note: Distances are straight line measurements

    Local info for Plymouth

    AskMe Q&A for Plymouth

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    * Sizes listed are approximations. Please contact the agent to verify actual sizes.

    For more information about this property, please contact
    DCH - Sherford, PL9 on +44 1548 389902 * (local rate)

    Monthly running costs Beta

    £440 Monthly total

    Mortgage

    Purchase price
    Deposit (10%) 6,125
    Repayment term 25
    Interest rate 1.5
    Your payment £220 /mo How Much Could I Borrow

    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.

    Energy

    Gas £20 Electricity £33 Estimated energy cost £53/mo

    Similar properties could save up to £196

    How Much Could I Save? In partnership with uSwitch
    Energy costs explained

    The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

    Estimated consumption

    Gas: 6400 kWh/year
    Electricity: 2300 kWh/year

    Source: National Energy Efficiency Data Framework

    Council Tax

    Local authority

    Plymouth

    Estimated tax band A Council tax cost £111 /mo
    when paid over 10 months
    Council tax costs explained

    The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

    Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

    Water

    Supply £22 Sewerage £34 Estimated water cost £56 /mo
    Water costs explained

    Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

    Total annual consumption (in cubic meters) is then averaged into a monthly cost.

    Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

    Contact DCH - Sherford about this property

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by DCH - Sherford, and do not constitute property particulars. Please contact DCH - Sherford for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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