* Leasehold
**brand new shared ownership coastal home with parking - close to beach -
ready summer**
Available to purchase at just £132, 500 with a deposit of only £6, 625 which
represents a 50% share of the full market value of £265, 000.
What is Shared Ownership? Shared ownership could be your step on to the
property ladder. This home ownership scheme allows you to purchase a share in
your home and rent the remaining unowned share.
Over time you can buy more shares in your home until you own the full 100%.
How does Shared Ownership Work? You buy an initial share of between 40% and
75% of the property's full value and pay a subsidised rent on the remaining
share you don't own. You may purchase further shares up to 100% of the full
property value, as your circumstances change, although there is no obligation
to do so.
You will be asked to speak with a Financial Advisor to assess what share you
can buy, ensuring this is both affordable and sustainable, based on your
circumstances. Shared ownership can be cheaper than renting a property
privately as the mortgage cost and subsidised rent usually add up to less than
the equivalent rental payments to a landlord.
Example:
Property Purchase price £265, 000
. You purchase a 50% share = £132, 500 funded through a combination of your own
deposit (£6, 625) and mortgage (£125, 875)
. You rent the remaining 50% share = £132, 500 x 2. 75% rent = rent of £276 per
month
. 75% is the maximum share price which you can initially purchase.
There is an option to purchase up to 100% of the property value at a later
point should you wish to do so.
You enjoy all the benefits of living in a brand new home with an open market
value of £265, 000
. You can stay in the property for as long as you wish and can sell the share
you own at any time. You make the decisions.
Please speak to one of our advisors to find out more about owning a share of
this fabulous property.
In addition, prospective purchasers will need to demonstrate a local
connection, further details upon request.
Welcome to Morva Reach, a new collection of thoughtfully - designed two, three
and four bedroom homes near the beautiful Cornish town of Penzance by Beech
Grove Homes.
Just a couple of minutes down the road from Morva Reach brings you to Long
Rock Beach, the perfect spot to spend an afternoon in the sunshine. You can
spend the day walking your four - legged friend, relaxing by the sea or taking a
camera to capture some shots of St Michael’s Mount in the distance.
This fantastic development appeals to anyone looking for their new home on the
picturesque Cornish coast. Found on the outskirts of Penzance, Long Rock is
well - known for its charming aesthetic and wide variety of attractions offering
something for everyone.
Plot 25 is part of The Cooper range and these homes have curb appeal that is
matched with an impressive interior too. They all feature a spacious open - plan
kitchen/dining room to the front of the
property, with the hallway leading through
to the living room to the rear. There is also a downstairs WC and a convenient
built - in storage cupboard.
Upstairs, there is a master bedroom to the rear of the property, plus an
additional bedroom to
the front of the property with a built - in
storage cupboard, and a family bathroom.
Room Dimensions:
Living Room 16’5” x 9’11”
Kitchen/Dining Room 9’3” x 16’3”
WC 3’ 0” x 5’ 7”
Bedroom 1 16’ 5” x 9’ 12”
Bedroom 2 16’ 5” x 9’ 10”
Bathroom 9’0” x 6’3”
Total Area: 861. 65sqft
**Specifications
kitchens
**
• Symphony Kitchens
• One and half bowl sinks*
• Stainless steel splashback to hob
• Laminate worktops with upstands
• Indesit integrated single oven, gas hob
and cooker hood
• Double oven (Newlyn, Trewidden &
Spiers)
• Integrated fridge freezer
• Integrated dishwasher (Newlyn,
Trewidden & Spiers)
• Provision for dishwasher (Atkins, Cooper,
Asher)
**Bathrooms
**
• Ideal Standard Sandringham Tempo
sanitaryware or similar
• Contemporary taps by Ideal Standard
• Porcelanosa ceramic tiling
• Over - bath shower
• Over - bath shower screen
ensuites (newlyn & trewidden)
• Ideal Standard Sandringham Tempo
sanitaryware or similar
• Shower tray and enclosure
• Thermostatic shower
• Contemporary taps by Ideal
utility rooms (newlyn &
trewidden)
• Sink
• Washing Machine and Dryer Space
**Internal finish
**
• Smooth ceiling and wall finish with white
emulsion
• Woodwork in gloss white finish
• Vinyl flooring to kitchens, kitchen/diners,
bathrooms, WC’s and ensuites
• Contemporary door furniture
**Lighting and electrical**
• Downlights to kitchens, WC’s,
bathrooms and ensuites
• TV point to lounge and master bedroom
• Honeywell thermostats
**Heating
**
• Ideal combination boilers
• Myson Premier radiators
• White heated towel rail to bathrooms
**External features
**
• Electrical Vehicle Charging
• External lights to front and rear
• Turfed rear gardens
• Turfed front gardens
• Large patio area
• Solar pv to select properties
• Ecological enhancements to select
properties
• Detached garage (Newlyn & Spiers)
• Integrated garage (Trewidden)
**Peace of mind
**
• Allocated parking
• Lockable double glazed windows
(except for escape windows)
• Mains wired smoke detectors, heat
detectors and carbon monoxide alarms
• 10 years NHBC Warranty
Less than a 10 minute drive from Morva Reach, the centre of Penzance is home
to everything you would expect from a popular town, including a variety of
both Highstreet and independent shops, bars, restaurants and a cinema. St
Clare Medical Centre and West Cornwall Hospital are both situated in the town
for any medical needs, as well as a number of highly - rated primary and
secondary schools.
From Morva Reach, a number of convenient transport options are available for
you to make use of. A couple of minutes up the road from the development
brings you to the A30 Long Rock Bypass, which offers routes north via the A30
or following the coast east via the A394. If you’d like to travel via public
transport, there are numerous bus routes running through Long Rock via the
main road, which offers easy connections to many local towns including Truro,
St. Ives and Cambourne. The nearest train station is in Penzance, which also
provides regular services to towns further afield.
With homes available for purchase via outright sale or shared ownership, make
your move to Morva Reach and find your new home in the Cornish countryside.
For further information on securing a home at Morvah Reach please contact our
local sales teams. Please note, viewings are not possible at this time as he
home is in construction. This home is due to be ready in Summer 2024, build
dates are subject to change. All images are representative only.

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