The Current Position on the Shrubberies Hill Development in Porthleven
Anyone who has passed Shrubberies Hill will have noticed work has started on the site. The first stage of the development is an archaeology survey on the site to see if there is any long-lost ancient settlement located on the site. After this has been carried out, work will then progress on building the houses.
The good news is the rental and shared ownership properties will start to be built at the end of June, with the completion of the first batch at the end of 2014. All the rental and shared ownership dwellings will be completed by September 2015. In total there will be 27 shared/rental properties on this site. There will be 36 local needs including the discounted sales, rental and shared-ownership properties
There will also be nine discounted sale dwellings. These will be sold at a 50% less of the market value. For example, if the market value of a three bed is £200,000, then a three-bed on this site will be £100,000. I expect the three-bed to be sold for between £98,000 and £120,000. The discounted sale will be sold via a local estate agent. As yet, not local agent has been signed up to sell these properties. To buy one of the discounted properties, you will still need to meet the local connection requirement as you would for a rental or shared-ownership properties.
I have been contacted by many people asking how they can apply for one of the 27 rental/shared-ownership properties. The first thing you need to do is to make sure you are on the Homechoice register. If you are not on this, then you will not be able to apply for one of the properties. I would also suggest if you are considering one of the shared-ownership properties, you need to start to look at getting an in-principle mortgage offer. It does not rule you out if you don’t, but it makes it easier if you know you will get a mortgage. The same goes for one of the discounted sales. You don’t want to find yourself being offered a house only to find out you cannot get a mortgage.
Now onto the rumours. again people have contacted me saying “they have heard” or “I have been told” someone has been allocated one of the new properties. Let me make it clear, no-one has been allocated one of these dwelling for a few reasons.
The first one is for a house to be allocated you need to have Registered Social Landlord (RSL) in place. Officially and as of last week, the RSL has not been appointed, though the likelihood this will be Coastline once contracts are signed. You need a RSL in place for any house to be occupied.
The second reason is the Local Lettings Plan has not been completed. So the criteria to qualify for one of the properties has not been established. So again a dwelling cannot be allocated without first the criteria being established. This is being worked on, and will have a heavy local connection element as the first requirement to qualify for one of these properties. And for someone to be allocated has to be done in conjunction with the RSL and Cornwall Council.
I would also like to dispel the rumour this site has been sold on. It has not, I know this as I spoke with the developer last week and asked this very question.
For anyone interested in the open market properties, these like the discounted sales will be sold via a local estate agent. As yet, I there is no firm details on the prices, but once I do, I will let people know. There is no qualifying criteria for these properties. It is basically you have the funding, you can buy one.
The last thing that needs to be sorted is a name for the site. I like the name – The Shrubberies. However, the final name will be decided by Cornwall Council in conjunction with the developer and town council. Any sensible suggestions for a name?