Affordable 40% share with NHBC warranty and private garden.
40% share from £76,000 purchase price
A newly built one-bedroom shared ownership apartment offered from a 40% share for £76,000. The open-plan kitchen/living/dining area has an integrated cooker and hob and leads to a private garden—rare for an apartment. The development benefits from a 10-year NHBC warranty and one allocated off-street parking space.
Monthly running costs include a rent of £190 on the unsold share and a service charge of £60.85 (annual service charge £730.20). The lease has approximately 990 years remaining. Prospective buyers must meet local-connection eligibility for the shared ownership scheme.
Practical points to note: internal flooring is fitted only in wet areas, so additional flooring may be required. The property sits in a very deprived area, which may affect long-term resale prospects and local amenity levels, but it has good transport links and nearby green spaces such as Northern Slopes and Victoria Park.
This apartment suits first-time buyers seeking an affordable step onto the housing ladder through shared ownership, with the option to staircase to full ownership in future. Consider the ongoing rental cost and eligibility requirements alongside the lower upfront purchase price.
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