The Pine, Ruan Lanihorne: An Affordable Home on the Roseland Peninsula
A stylish one-bedroom ground floor apartment in the picturesque creekside village of Ruan Lanihorne is being offered for sale at £97,500, representing 65% of its assessed Open Market Value under a Section 106 Affordable Housing Agreement.
The Pine, 1 The Old Malthouse, forms part of an attractive development of just nine properties and enjoys a peaceful position alongside Ruan Creek. With contemporary open-plan accommodation, an allocated parking space and no onward chain, the property offers an appealing option for a qualifying purchaser looking to make their permanent home on the Roseland Peninsula.
A peaceful creekside village
Ruan Lanihorne is one of the Roseland Peninsula's most picturesque rural villages, occupying a wonderfully peaceful position beside Ruan Creek, a tributary of the River Fal. The village has a distinctly timeless character, surrounded by beautiful countryside, tidal waterways and the rolling landscape for which the Roseland is renowned. A traditional village pub, church and scenic countryside walks are all close at hand.
Tregony is approximately 2.5 miles away and provides a useful range of everyday facilities including excellent primary and secondary schools, while the cathedral city of Truro and the town of St Austell are both approximately 10 miles distant. The wider Roseland Peninsula provides access to some of Cornwall's most attractive coastline and countryside, with St Mawes, Portscatho, Veryan and the sailing waters of the Carrick Roads all within easy reach.
Why is The Pine £97,500?
The Pine is subject to a Section 106 Affordable Housing Agreement. The asking price represents 65% of an Open Market Value assessed at £150,000 by a RICS Chartered Surveyor, resulting in the current Guide Price of £97,500.
The Section 106 agreement is designed to ensure that the home remains available to qualifying purchasers who meet defined local connection, housing need and financial eligibility requirements. This means that prospective purchasers need to establish their eligibility before proceeding with a purchase.
Who may be eligible?
Initially, applicants need to demonstrate an appropriate Area Local Connection to Ruan Lanihorne.
This can include:
- Residency or permanent employment of at least 16 hours per week for three years or more.
- Former residency within the parish for five years or more.
- A qualifying close family connection where a mother, father, sister, brother, son or daughter has lived within the parish for at least five years and there is independent evidence that support needs to be given or received.
The geographical eligibility area can widen during the marketing period.
After 28 days, applicants with a qualifying local connection to the adjoining parishes of St Michael Penkivel, Tregony, Veryan and Philleigh can be considered.
After 56 days, this can extend to applicants with a qualifying local connection to Cornwall.
Applicants must also be considered to be in housing need and otherwise unable to afford a suitable home on the open market.
In addition, applicants will need the required deposit and a recent Agreement in Principle from a mortgage lender prepared to lend on a Section 106 property. Independent financial advice is recommended. Cornwall Council holds nomination rights for the first 15 days of marketing, meaning expressions of interest received during this period are referred to the Council for consideration.
Supporting permanent homes on the Roseland
The Section 106 restriction is an important part of what The Pine offers. By linking the purchase price to a proportion of Open Market Value and applying defined eligibility criteria, the arrangement helps provide a route into home ownership for qualifying people with connections to the local area.
For an eligible purchaser, £97,500 provides a stylish one-bedroom home with allocated parking in a particularly attractive Roseland village setting alongside Ruan Creek.
The Pine at a glance
🏡 One-bedroom ground floor apartment
💷 Guide Price £97,500
📊 65% of assessed Open Market Value
📍 Ruan Lanihorne, Roseland Peninsula
🌿 Peaceful setting alongside Ruan Creek
🛋 Contemporary open-plan living
🚗 Allocated parking space
🔑 No onward chain
⚡ EPC Rating C
🏛 Council Tax Band B
📄 Leasehold – 125 years from 30 January 2019
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The property is subject to a Section 106 Affordable Housing Agreement, and local connection, housing need and financial eligibility criteria apply. Prospective purchasers should satisfy themselves as to their eligibility and obtain confirmation from Cornwall Council before incurring significant legal, mortgage or other costs. H Tiddy cannot determine an applicant's eligibility on behalf of Cornwall Council.