54 Cavendish Crescent, Newquay
£105,000 (Tenant Fees)

Tenure: Leasehold

A rare section 106 affordable home for sale. Spacious two-bedroom apartment with A stunning 26ft open plan living space, two genuine double bedrooms, and excellent carport parking. An ideal affordable first home for qualifying buyers – be quick, this won’t be available for long!

Located within the popular Cavendish Crescent development on the outskirts of Newquay, this modern apartment was built by national developer Taylor Wimpey during the 2010s and remains an attractive and practical home in a convenient location close to schools, amenities and transport links.

Accessed via a communal entrance to the rear of the building, stairs rise to the first floor where the apartment is situated.

The accommodation begins with a spacious entrance hallway featuring loft access and two useful storage cupboards. There are two genuine double bedrooms, both of excellent proportions, together with a modern family bathroom fitted with a white suite, attractive tiling, shower over the bath and an external window providing natural light and ventilation.

The standout feature is undoubtedly the fantastic 26ft open plan living space. Designed to suit modern lifestyles, this large sociable room comfortably accommodates distinct lounge, dining and kitchen areas. French doors open onto a Juliet balcony, allowing plenty of natural light into the room and enhancing the feeling of space.

The kitchen is fitted with a range of modern white units and incorporates an integrated oven, hob, extractor, dishwasher and washing machine.

Throughout the property there is UPVC double glazing and gas fired central heating.

Having most recently been let, the apartment would benefit from some light cosmetic updating in places, however it remains a modern and spacious home offering excellent value for qualifying purchasers.

Externally there is the significant advantage of covered carport parking, a particularly valuable feature for an apartment of this type.

The property is offered for sale with no onward chain.

The property is held on the remainder of a 125 year lease from 2011. Pets may be allowed with permission from the Management Company. Ground rent is currently charged at £250 per annum and the service charge is £144 per calendar month. First Port oversee the building and estate management.

Agents note: Prospective purchasers should be aware that this property is subject to a Section 106 Local Authority Agreement and can only be purchased by applicants who meet the relevant eligibility criteria.

Preference will be given to applicants with a local connection to Newquay. However, if no qualifying Newquay applicants come forward within two weeks of marketing, applications may also be considered from those with a Cornwall-wide local connection.

Please note that local connection exemptions may apply to applicants covered by the Armed Forces Covenant, Care Leavers under the age of 25, and/or victims of Domestic Abuse.

To demonstrate a qualifying local connection, applicants must satisfy one of the following criteria:

• Current residency within the area for 12 months or more

Or

• Permanent employment of 16 hours or more per week for a minimum of 3 years

Or

• Former residency within the area for 5 years or more

Or

• A close family connection (Mother, Father, Son, Daughter, Brother or Sister) who has resided within the area for 5 years or more

Or

• Other special circumstances which require the applicant to reside within the area (please enquire for further details)

In addition, applicants must:

• Be in housing need, for example currently renting, living with family, or otherwise unable to afford a suitable home on the open market

• Have a maximum household income of £80,000 per annum

• Have a minimum 10% deposit available (or 5% with a suitable Agreement in Principle)

• Hold a recent Agreement in Principle (aip) from a lender familiar with Section 106 affordable housing purchases. Examples include Nationwide, Halifax, Leeds Building Society, Santander, TSB and Skipton Building Society

• Have viewed the property and formally submitted an offer to purchase

Applicants are advised to make enquiries regarding their eligibility before arranging finance or incurring any associated costs.

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EPC Rating: C

Open Plan Lounge/Diner/Kitchen (8.05m x 4.60m)

Irregular Shape Max

Bedroom 1 (3.40m x 3.15m)

Bedroom 2 (3.18m x 2.59m)

Bathroom (2.26m x 1.68m)

Parking - Car Port

Disclaimer

Dmcc Act 2024: We have not tested any fixtures, fittings, or services and cannot verify their condition, so please confirm with your solicitor or surveyor. Tenure references are based on Vendor information and should also be checked with your solicitor. Items in photographs are not included unless stated in the sales particulars. Before visiting, confirm availability and book an appointment. All measurements are approximate. Referrals: We may recommend conveyancing, financial services, and surveys, but you are free to choose your own providers; if accepted, we receive referral fees of £80–£200 (fs), £150+VAT–£210+VAT (conveyancing), £100 inc VAT (surveys). Mlr 2017: Buyers must complete legally required aml checks via Lifetime Legal (£60 inc VAT) before a sales memorandum can be issued.

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