Affordable two-bedroom entry for commuter buyers near local amenities.
50% shared ownership available for £110,000
Full market value £220,000; subsidised rent £324.19 pcm
81 years remaining on lease — needs urgent renewal advice
Average annual service charge £1,202.04 (approx. £100.17 pcm)
Gas central heating and modern fitted kitchen
About 1.6 miles to nearest train station for commuting
Slow broadband speeds may affect remote working
No flood risk; mobile signal excellent
This two-bedroom first-floor flat is offered through Shared Ownership, making it a realistic step onto the property ladder in Arlesey. The apartment has a modern kitchen and a comfortable sitting/dining room, with gas central heating and decent natural light—suitable for a couple or small family looking to buy rather than rent. The location is a key benefit: close to local amenities and about 1.6 miles from the nearest train station for commuter links.
Costs are transparent: the full market value is £220,000 with a 50% share available for £110,000. Monthly outgoings include a subsidised rent of £324.19 and an average service charge of £100.17 (total service charge noted as £1,202.04 annually). Broadband speeds are reported as slow, which may affect home working; mobile signal is excellent.
There are two material drawbacks to note. The lease has 81 years remaining, which is short enough to require early attention and likely renewal advice from a solicitor and valuation from a surveyor. As a leasehold/shared ownership property, there are ongoing service charges and rent on the retained share—buyers should check eligibility and any staircasing restrictions.
Overall this flat offers an affordable entry into ownership in an affluent, commuter-friendly area with good local schools and community facilities. It suits a first-time buyer seeking lower upfront cost and commuter convenience, provided they obtain professional advice on the lease length and long-term costs.
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