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2 bed terraced house for sale

£78,600

Ensign Way, Madron, Penzance, Cornwall TR20

2 1

Images may include optional upgrades at additional cost

Interested in this property? Call +44 1736 397996 * or

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Property features

  • New build
  • 2 bedrooms
  • Chain free
  • Modern fitted kitchen with integrated cooker & hob and space for appliances
  • Enclosed rear garden
  • Two allocated parking spaces
  • Gas central heating
  • Village living with easy access to Penzance, A30 and coastline
  • Downstairs WC

Property description

Plots 6 & 7 at Gwel Enys, Madron

Full Market Value: £196,500
40% share: £78,600
Rent including Building Insurance and service charge: £281.13

A great opportunity to buy a brand new 2 bedroom shared ownership home in the historical village of Madron, Cornwall.

Accommodation briefly comprises :
Ground Floor: Entrance hall, family living room, open plan kitchen diner and downstairs WC.
First Floor: Landing area with storage, 2 spacious double bedrooms and family bathroom.
Outside: Rear garden, laid with lawn, to the side of the property are 2 allocated parking spaces.

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.

Location

Madron is a large rural parish on the Penwith peninsula north of Penzance, with easy access to the A30 and Cornwall's beautiful coastline.

Landithy Hall, which opened in 1909, contains the community rooms and tea rooms where guests can stay the night and hosts many village events. It is here that Madron Parish Council holds the majority of its meetings. The town has a real community feeling and includes a local primary school, playing fields and events including Madron Feast Week.
Market activity
Average price paid £286,570 Sales 115 Current average value £310,993 (Zoopla Zed-Index) Value change £16,129 ▲ 5.47%

Property value data/graphs for TR20

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £389,502 £282 3.6 £368,181
Semi-detached £247,171 £249 3.0 £234,773
Terraced £200,776 £251 2.7 £175,127
Flats £188,768 £349 2.0 £115,000

Current asking prices in TR20

Average: £336,402
Avg. current asking prices in TR20
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £221,945
(19)
£301,303
(31)
£418,171
(14)
£587,268
(11)
Flats £130,000
(1)
£116,667
(3)
- - -
All £130,000
(1)
£207,589
(22)
£301,303
(31)
£418,171
(14)
£587,268
(11)

Current asking rents in TR20

Average: £769 pcm
Avg. current asking prices in TR20
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £705 pcm
(3)
£965 pcm
(3)
- -
Flats £550 pcm
(1)
£594 pcm
(1)
- - -
All £550 pcm
(1)
£677 pcm
(4)
£965 pcm
(3)
- -

Fun facts for TR20

Highest value in TR20
Highest value streets Zed-Index
Tremethick Cross, Penzance TR20 £450,749
Newbridge, Penzance TR20 £442,476
Newmill, Penzance TR20 £441,140
Vellanoweth £430,770
Pengersick Lane £428,056
Highest turnover in TR20
Highest turnover streets Turnover
Chiverton Way 52.6%
Pengersick Lane 40.7%
Whitecross 40.0%
Penlee Close 40.0%
New Road 28.6%

What Zoopla users think of Penzance

Overall rating:

  • currently 3.5 stars
Good - 73% (37 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 Penzance:

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

  • Penzance (1.3 miles)
  • St Erth (4.8 miles)
  • Lelant Saltings (5.2 miles)
  • Exeter International Airport (102.4 miles)
  • Cardiff Airport (129.7 miles)
  • Bristol Airport (150.5 miles)
  • Penzance Ferry Terminal (1.6 miles)
  • Helford Village Ferry Landing (18.3 miles)
  • Helford Passage Ferry Landing (18.6 miles)

Nearby schools

View all schools in Cornwall
  • Gulval School (0.9 miles)
  • St Mary's Catholic School, Penzance (0.9 miles)
  • St Maddern's CofE School, Madron (1.1 miles)
  • Truro and Penwith College (21.3 miles)
  • Cornwall College (36.4 miles)
  • UTC Plymouth (62.6 miles)
  • Mounts Bay Academy (1.0 mile)
  • Humphry Davy School (1.0 mile)
  • Penwith Alternative Provision Academy (1.0 mile)
Note: Distances are straight line measurements

Local info for Cornwall

AskMe Q&A for Cornwall

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For more information about this property, please contact
DCH - Gwel Enys, TR20 on +44 1736 397996 * (local rate)

Monthly running costs Beta

£522 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,860
Repayment term 25
Interest rate 1.5
Your payment £282 /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.

Home Insurance

Rebuild value up to £600,000 Contents value up to £75,000 Average insurance cost £11/mo (£137/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £24 Electricity £37 Estimated energy cost £61/mo

Similar properties could save up to £215

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: 7300 kWh/year
Electricity: 2700 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Cornwall

Estimated tax band A Council tax cost £112 /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 - Gwel Enys 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 - Gwel Enys, and do not constitute property particulars. Please contact DCH - Gwel Enys 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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