Shared-ownership one-bedroom flat with parking and low running costs in Southwater..
25% shared ownership available for £55,000 (also available to buy outright)
Open-plan lounge/diner with modern fitted kitchen
One allocated off-street parking space
Gas central heating with boiler and radiators
Lease: 118 years remaining
Service charge approx. £2,647 per year (£220.58/month)
NHBC warranty only ~3 years remaining — review cover details
Average-sized 1-bed (approx. 414–482 sq ft), suits single or couple
A compact one-bedroom second-floor flat in Southwater, offered on a 25% shared-ownership basis for £55,000 or available to buy outright. The open-plan lounge/diner flows to a modern fitted kitchen and the bedroom and bathroom are neatly proportioned for easy maintenance. One allocated off-street parking space and landscaped communal grounds add practical value.
Practical running costs are clear: gas central heating with boiler and radiators, Council Tax Band B (low), and an annual service charge of about £2,647 (£220.58 monthly). The lease has 118 years remaining and the block benefits from an NHBC warranty with approximately three years left — useful short-term cover but something to note if major defects arise later.
This flat suits first-time buyers, downsizers or buy-to-let investors seeking a low‑maintenance home in a very affluent, low-crime area with good local amenities and fast broadband. The flat is average-sized at roughly 414–482 sq ft, so space is best for one person or a couple. There is some scope to personalise the interior, but the property is move-in ready with modern fittings.
Material considerations: the service charge is moderate for communal upkeep and will affect monthly costs on the shared-ownership share; buyers should confirm what the service charge covers. Also check the remaining NHBC warranty details and longer-term maintenance plans for the building before purchase.