Affordable shared-ownership one-bed with long lease and low running costs.
50% shared ownership — lower deposit barrier
Long lease remaining — approx. 119–120 years
Bright open-plan living with large windows
Compact overall size — 429 sq ft, small footprint
Service charge £70.73; estate/insurance £38.06 monthly
Monthly rent on share £248.02; low council tax
High local crime rate — consider local security
Excellent transport links and nearby amenities
A bright, well-presented one-bedroom first-floor apartment in the New Thorn Development, ideal for first-time buyers seeking an affordable route into homeownership. The property is offered as 50% shared ownership, with a long lease of approximately 120 years and a clear monthly cost breakdown for easy budgeting.
The open-plan living area benefits from large windows and natural light, creating a spacious feel within a compact 429 sq ft layout. The contemporary kitchen and modern bathroom are in good condition and the apartment requires no immediate works — move-in ready for someone wanting a straightforward first home.
Costs are transparent: a service charge of £70.73 per month, an estate/building insurance charge of £38.06 per month, and £248.02 per month rent on the unsold share. Council tax is very low, which helps keep ongoing outgoings down.
Practical considerations: the development has excellent transport links and nearby amenities, but the local area records higher crime rates and the property is small, which may suit singles or couples rather than families seeking larger space. The apartment includes a garden area and comes with a remaining lease of about 119–120 years, offering long-term security for owners.
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