Coming soon! Rent plus Cullompton

13 February 2020

Coming soon! The next phase of our Barratt Homes development in Cullompton is almost complete! We have five, two bedroom houses which will have modern kitchen diners and bathrooms, a double,  and twin bedroom, downstairs toilet, and allocated parking space. Each property will be set in grounds which will be maintained by a private management company.

These houses are within a short walk to Cullompton town centre. Cullompton is a vibrant town close to Exeter, with it’s own distinct character. It has a range of shops, pubs and restaurants, social clubs and a library all within easy walking distance. As well as being only 5 minutes from the M5, The development is very well connected being on a bus route for Exeter and Tiverton. There is also a train station nearby (Tiverton Parkway 6.5 miles).

What is Rentplus?

Rentplus properties offer aspirational home owners an affordable opportunity to purchase their own home through a combination of affordable rents and a ten per cent gifted deposit.

Tenants have five-year renewable tenancy agreements, at an affordable rent set at 80 per cent of market rent, including any service charge, with no maintenance responsibilities, giving them time to save for a deposit and build creditworthiness records that will support mortgage applications.

After a tenancy period of five, ten, 15 or 20 years, the occupier will be invited to purchase their property. While there is no obligation to purchase, those who do choose to buy receive a gifted deposit of ten per cent of the property’s market value. As there is no chain and they are already in situ, there are none of the delays, uncertainties or moving expenses of most house purchases.

You can find out more about Rentplus and how it works by clicking here.

If you’re interested in finding out more about these properties or to show your interest, please contact us on 01392 273462 or complete the below application forms and email them to rentplus@cornerstonehousing.net and we will be in touch shortly.

 

Applications close – 13th March 2020

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