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2 bed flat for sale

£60,375 (£78/sq. ft) Shared ownership

Lynx Lane, Sherford, Plymouth, Devon PL9

2 1 779 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 24 - 30%

Second floor, 2 bedroom apartment with 1 parking space

Full price - £172,500

30% share price - £60,375

Rent including buildings insurance and service charge - £382.07

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

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

    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 with storage area.
    Outside - 1 allocated parking space
  • Market activity
    Average price paid £245,691 Sales 491 Current average value £265,987 (Zoopla Zed-Index) Value change £5,142 ▲ 1.97%

    Property value data/graphs for PL9

    Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
    Detached £348,314 £261 3.5 £319,344
    Semi-detached £231,180 £232 3.1 £222,235
    Terraced £204,435 £238 2.8 £189,109
    Flats £145,699 £207 1.8 £156,485

    Current asking prices in PL9

    Average: £283,597
    Avg. current asking prices in PL9
    Property type 1 bed 2 beds 3 beds 4 beds 5 beds
    Houses £225,000
    (1)
    £195,895
    (41)
    £242,687
    (89)
    £360,181
    (71)
    £462,526
    (23)
    Flats £123,889
    (9)
    £144,982
    (21)
    £209,950
    (1)
    - -
    All £134,000
    (10)
    £178,650
    (62)
    £242,323
    (90)
    £360,181
    (71)
    £462,526
    (23)

    Current asking rents in PL9

    Average: £824 pcm
    Avg. current asking prices in PL9
    Property type 1 bed 2 beds 3 beds 4 beds 5 beds
    Houses £576 pcm
    (2)
    £641 pcm
    (8)
    £797 pcm
    (4)
    £1,420 pcm
    (5)
    -
    Flats - £629 pcm
    (4)
    £748 pcm
    (3)
    - -
    All £576 pcm
    (2)
    £637 pcm
    (12)
    £776 pcm
    (7)
    £1,420 pcm
    (5)
    -

    Fun facts for PL9

    Highest value in PL9
    Highest value streets Zed-Index
    Lord Louis Crescent £787,331
    Spring Road £735,192
    Osprey Gardens £498,555
    Renney Road £495,165
    Wembury, Plymouth PL9 £479,495
    Highest turnover in PL9
    Highest turnover streets Turnover
    Killerton Lane 83.9%
    Brinchcombe Mews 76.9%
    Shaw Way 50.0%
    Holwell Close 50.0%
    Cobb Lane 46.7%

    What Zoopla users think of Sherford

    Overall rating:

    • currently 5 stars
    Excellent - 100%

    Ratings breakdown:

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

    Rate Sherford:

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

    Community & safety
    • currently 0 stars
    • 4
    • 1
    • 0
    • 3
    • 2
    • 5
    Entertainment & nightlife
    • currently 0 stars
    • 4
    • 1
    • 0
    • 3
    • 2
    • 5
    Parks & recreation
    • currently 0 stars
    • 4
    • 1
    • 0
    • 3
    • 2
    • 5
    Restaurants & shopping
    • currently 0 stars
    • 4
    • 1
    • 0
    • 3
    • 2
    • 5
    Schools & public services
    • currently 0 stars
    • 4
    • 1
    • 0
    • 3
    • 2
    • 5
    Transport & travel
    • currently 0 stars
    • 4
    • 1
    • 0
    • 3
    • 2
    • 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 Primary School (1.1 miles)
    • EF Academy Torbay (24.1 miles)
    • Callywith College (30.4 miles)
    • Exeter Mathematics School (33.9 miles)
    • Longcause Community Special School (1.2 miles)
    • Coombe Dean School (1.2 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

    £437 Monthly total

    Mortgage

    Purchase price
    Deposit (10%) 6,037
    Repayment term 25
    Interest rate 1.5
    Your payment £217 /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 £21 Electricity £32 Estimated energy cost £53/mo

    Similar properties could save up to £197

    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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