Affordable 50% shared ownership near shops, trains and amenities.
Ground-floor apartment with private access and allocated parking
A practical ground-floor two-bedroom apartment a short walk from Lichfield city centre, offered as 50% shared ownership. The flat has its own private entrance and allocated off-street parking, making it a convenient, low-maintenance option for a first-time buyer or someone downsizing. Open-plan kitchen/living space, two bedrooms and a bathroom sit within a modern development (built 2003–2006) with double glazing and an EPC C rating.
Important points to note: the lease has 81 years remaining and will require early renewal to protect long-term value and mortgage options. Heating is electric (storage heaters/room heaters), so running costs tend to be higher than gas-heated homes. There is a monthly payment of £442.98 which covers the rent on the unsold share, service charge, ground rent and building insurance — factor this into affordability calculations.
This property is best suited to buyers wanting central convenience and low exterior maintenance rather than period character. Shared ownership allows an affordable entry onto the property ladder with the possibility to staircase to 100% ownership when finances allow. Overall, it offers straightforward accommodation and a clear layout in a well-located, pleasant development, provided buyers are comfortable with the lease length and electric heating.