Set amongst 19 acres of beautifully landscaped gardens which surround the traditional Cornish Engine house, Heartlands is home to one of Cornwall’s most exciting and imaginative regeneration projects, which truly encompasses the rich heritage of the area.
Once a derelict landscape at Robinson’s Shaft, Heartlands has been brought back to life thanks to funding from the Big Lottery Living Landmark programme, European Union, Cornwall Council and the Homes & Community Agency, and the superb input and help of the local community. The regeneration of Heartlands aims to look to the future by combining economic, social, environmental and cultural development in a balanced and sustainable way.
The project currently hosts a range of community facilities including a unique visitor centre, an amazing park and play area and a high quality café with friendly staff, as well as community spaces and an excellent nursery/play school.
Since its opening in Spring 2012, Heartlands has expanded from a visitor, exhibition and community space to a truly wonderful home with the introduction of brand new housing built on site.
At Coastline Housing we are proud to be able to add to the landscape at Heartlands with the creation of 90 brand new homes, which will be available for shared ownership, affordable rental and Rent To Buy. Whether you are looking at getting your first steps on the ladder of home ownership or for a vibrant new community in which to set down roots, Coastline’s homes at Heartlands offer the perfect mix of contemporary living and community integration, in a historical setting.
Nearby schools, shopping, leisure and health facilities are within an easy walk, and Portreath Beach and the coastal footpath are just a few miles to the north. Convenient transport links connect Heartlands with the rest of Cornwall, including regular buses and trains. With Redruth, Camborne and the A30, serving as the gateway to the rest of the county, so close by, the location couldn’t be better.
Shared Ownership is a Government scheme, also known as ‘part-buy/part-rent’, which allows you to buy part of a property, and pay rent on the part you don’t own. The scheme allows you to start off with a share you can afford, (e.g. between 35% minimum and 75% maximum initially). You then pay a low, subsidised rent on the remaining share you don’t own.
If your circumstances then change, you can buy more shares and eventually own 100% of your home. Shared Ownership is specifically designed to help people who would not normally be able to afford to buy a home outright on the open market. Quite often the total monthly cost of purchasing a Shared Ownership home will still be significantly cheaper than renting a similar property privately on the open market. You do not have to be a first time buyer as the scheme is available for anyone who does not already own a property, and who will be living in the home as their sole and primary residence.
When you apply to buy a shared ownership home, you will be assessed individually, so that your share will be personalised to you. However, there are some criteria:
- Income: Total household income needs to be below £80,000.
- Location: Due to planning conditions on the majority of our Shared Ownership schemes, you would need to have a local connection to the area in order to purchase. This criteria is usually set individually for each development.
- Position: The property you are buying through Shared Ownership must be the only property you have ownership of or in, and you must be buying as an owner occupier. If you already own a property (for example, if you are selling a property which was jointly owned with a former partner), a sale must have been agreed before you can qualify for Shared Ownership.
Once you have bought through Shared Ownership you can buy additional shares in your home at a later date, should your circumstances change. In most cases, you can purchase more shares until you own 100%. This is called staircasing. The cost of the additional shares is based on the market value of the property at the time you buy them. If you increase your share in the property, your rent will be re-calculated and reduced proportionately.
1 x 2 Bedroom Apartments: Open market value from £125,000
Share available from 40%
Monthly Rent from £156.25
Service charge £TBC
Plot 25 - EPC B85