Own a 60% share with a low 5% deposit and private outdoor space.
Ground-floor two-bedroom apartment with private terrace
A bright, ground-floor two-bedroom apartment offered through Shared Ownership, ideal for first-time buyers or small families seeking an affordable route onto the property ladder. The layout includes a spacious living room with balcony access, a separate modern kitchen and two well-proportioned bedrooms. A private terrace and communal grounds extend the living space outdoors.
Financially this is a 60% share of a marketing value of £220,000, priced at £132,000. Monthly rent is £346.11 with a monthly service charge of £76.90 (total monthly outgoing approx. £423.01), and a 5% minimum deposit requirement for the share. An annual rent increase is applied each April, and service charges are payable (annual figure quoted at £923).
Practical positives include off-street unallocated parking, no local flood risk, excellent mobile signal and fast broadband. The remaining lease length shown is very long, but prospective buyers should check mortgage availability and seek legal/financial advice. Local schools include several state and independent options, with at least two rated Good at secondary level.
Note the property is sold on a leasehold/shared ownership basis: buyers should review the allocations policy, ground rent/rent review mechanics, and any restrictions on staircasing or re-sale. Crime levels and area deprivation are average and the neighbourhood is described as an urban cultural mix within a constrained wider area.
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