Summary - Stanley Street, Lowestoft NR32 2DF
1 bed 1 bath Apartment
Affordable seaside entry for eligible first-time buyers.
Chain free, 50% shared ownership with Orbit Housing
Bright, chain-free one-bedroom apartment offered as a 50% shared ownership in central Lowestoft. Set within a secure development with intercom entry and a passenger lift, the flat provides a light-filled sitting room, a fitted kitchen with included appliances, a double bedroom and a three-piece bathroom — all arranged across about 440 sq ft. A west-facing communal garden and on-site car park add practical outdoor space and parking.
This home suits a first-time buyer looking to get on the property ladder near the coast. The purchase requires eligibility checks via the Homes England/shared ownership criteria and Orbit Housing will remain freeholder. Buyers should be prepared to pay monthly rent on the remaining share and follow the staircasing process if they later wish to increase ownership.
Practical considerations: the property is leasehold with a high ground rent currently quoted at £270.46 pcm (£3,245.52 pa). Heating is by electric storage heaters and the EPC is rated E. The local area is described as very deprived with a very high crime rate — factors to weigh against the convenience of nearby shops, schools, transport links and easy access to the seafront.
Overall this apartment offers an affordable route into ownership and straightforward, low-maintenance living, but buyers must factor in ongoing lease costs, eligibility requirements and local area challenges before viewing.
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