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£82,500

Rosa, Lamlash, Isle Of Arran, KA27

  • 2 beds
Land

£82,500

  • 2 beds
Land
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Estimate monthly mortgage payment:

£377 per month

Minimum deposit amount:

£4,125
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'ROSA' - SERVICED BUILDING PLOT ON THE ISLE OF ARRAN

Your opportunity to build your own 2, 3 or 4 bedroom detached home in Lamlash on the Isle of Arran

Services included to the boundary of the site are main water, drainage, electricity and BT connections

Mortgage and financial advice available from Buildstore Ltd. www.buildstore.co.uk

To enquire about your preferred position, please review our brochure and get in touch!

PLEASE NOTE THIS PLOT IS BEING SOLD WITH A RURAL HOUSING BURDEN WHICH MEANS THAT IT CANNOT BE PURCHASED FOR USE TO BUILD A SECOND HOME AND NOR CAN THE PROPERTY BE SUBESQUENTLY USED AS A RENTAL HOME

The Arran Development Trust

The Arran Development Trust is a company limited by guarantee, a registered charity and a Rural Housing Body and was initiated in 2017 by a group of highly motivated island resident volunteers who identified a lack of affordable housing on the island affecting both economic growth and island depopulation. They resolved to seek and provide evidence with a variety of solutions suitable for a broad variety of potential current and new residents.To date, these solutions include the provision of affordable housing for rent and now 23 serviced self-build plots for those who aspire to build their own home in an idyllic location on the island of Arran.The not for profit Arran Development Trust enjoys a growing island membership of over 420 people, all of whom joined in support of the ADT values and purpose to provide voluntary help, guidance, experience and high level skills. The Arran Development Trust is free to join and open to all on the island of Arran.The Arran Development Trust can assist with every aspect of the self-build process if required and has the skills, knowledge and construction experience necessary to take your project through planning, building warrant and construction if required.The ADT realise every self-build project is different and will be designed and costed accordingly. It may be you only require a foundation, or your project taken to Wind & Watertight stage or indeed a full turnkey build. Given our knowledge of construction on the island we stand ready and able to assist with your project to ensure its success.To speak to the ADT about this please get in touch via email to [email protected] or download the details marketing details on this site and complete the required questionnaire.

The Isle of Arran

Could you live in and work in a place where the air is clean and the water is clear. Where communities are small enough to let you know them and big enough to keep you interested and growing. Could you live and work in a place where primary schools are small and welcoming and High School understands artistic and athletic development as well as academic achievement.Where communities and businesses are digitally and physically connected, through Super Fast and an integrated transport system. Could you live and work on a beautiful Island with mountains to the north and green uplands to the south, sharing your Island with eagles, otters, red squirrel and deer.If you could live and work in this place, Arran needs you and perhaps more importantly, you need Arran.

Rural Housing Burden

What is a Rural Housing Burden? A Rural Housing Burden is a Title Condition which applies to all homes or self- build plots sold by The Arran Development Trust (ADT). The property/plot owner has full legal title to the property. The Rural Housing Burden is used to protect the stock of island homes as principle residences and to ensure affordability is maintained as far as possible for future generations. The Rural Housing Burden comprises two elements: 1. The percentage discount offers a discount to the purchaser from the open market value due to the restriction on use (i.e. principle residence only and not as second or holiday home in perpetuity). 2. The right of pre-emption means that the ADT, as a community group has the option to buy back the property first, at the original discount offered from market value when the owner decides to sell their home. This then allows the ADT to sell the property to another purchaser at an affordable price. Where there is a Rural Housing Burden attached to the title, the owner must offer the property to ADT first, to buy back. Where ADT confirm they do not wish to exercise the right of pre-emption this will allow the owner to sell the property on the open market to a third party. When this situation arises, the Rural Housing Burden conditions will remain on the title in perpetuity . The ADT has 42 days to confirm their decision to purchase or not.The priority groups that the ADT will consider selling a home/plot to, will include:- a) People who have a local connection to the island of Arran and have been unable to afford to buy or build a house in the community. b) People within the worker categories of Health & Social Care, Education and Hospitality sectors or where there is a known skills shortage. In addition to the Rural Housing Burden, there are other legal conditions attached to the title:c) The property must be the permanent and only residence of the purchaser (it cannot be a second home or holiday home in perpetuity). d) The property must not be let, sub-let or leased out, unless by a registered Rural Housing Body i.e. Arran Development Trust

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