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FOR SALE – Penwithick, 2 bedroom Apartment from £27,500


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Ocean are pleased to offer for sale this well maintained 2 bedroom 1st floor apartment in the popular residential area of Penwithick.

This apartment has been very well maintained and has recently undergone a re-paint, new carpets and a new kitchen which has now been finished in a modern handle less gloss white with a very smart gloss back splash in burgundy.

The apartment comes with its own parking space and a shared garden area with your own shed for storage.

This would make a very affordable first home as the share offered is just 25% of £110,000.  The minimum share would cost £27,500.

The heating in this home is Economy Seven Storage Heaters and there are photovoltaic panels on the roof to heat your hot water.

Accommodation offers

Entrance Hallway,

Lounge Diner,


Two Bedrooms

Family Bathroom



Double Glazing,

Photovoltaic water heating,

Economy 7 Storage Heaters

Designated Parking Space,

Shared Garden


Pets allowed – permission needed



Penwithick is a village located approximately 2.5 miles north of the town of St Austell.  It has a local shop and post office, a thriving social club as well as a fish and chip shop.

Penwithick has great public transport links to St Austell where there is a main line train service to London and beyond.  The main A30 is just a few miles away.


Affordable – Shared Ownership

You can scale your portion of the purchase to suit your budget and rent the remaining share.

The minimum percentage share prices will be discussed individually, following an affordability assessment – if eligible for a property.


Full Value  £110,000
25%  £27,500
40% £44,000
50%  £55,000
60%  £66,000
75%  £82,500

Rent calculated on % share – £/per calendar month


1st Floor Flat
Full Value  £110,000
25% £246.00
40%  £197.00
50%  £164.00
60%  £132.00
75%  £82.00
All rent figures are approximate.

Section 106

“Area Local Connection” means a connection with the Primary Area or the Secondary Area as appropriate and demonstrated by that person or a member of their Household to the reasonable satisfaction of the Council

Being permanently resident therein for a continuous period of at least three (3) years immediately prior to Advertising; or

Being formerly resident therein for a continuous period of five (5) years; or

Having his or her place of permanent work (normally regarded as sixteen (16) hours or more a week and not including seasonal employment) therein for a continuous period of at least three (3) years immediately prior to advertising; or

Having a connection through a close family member (normally mother, father, brother, sister, son or daughter) where the family member is currently resident therein and has been so for a continuous period of at least five (5) years immediately prior to advertising


Primary Area: Treverbyn WEF: 07/02/2019

Secondary Area: Roche, St Stephen in Brannel, Carlyon, St Blaise, St Mewan, Luxulyan WEF: 07/03/2019

Minimum Connection: Town of St Austell or County of Cornwall WEF: 04/04/2019

Register your interest

 Complete our Online Form
 Tel 01726 874450
 Register with Help to Buy South West

Post Office
Post Office
Train Station
Train Station