Affordable, efficient one-bedroom ideal for first-time buyers and commuters.
One double bedroom with open-plan kitchen/living layout
75% shared ownership — lower purchase cost, restricted share
Allocated off-street parking bay plus on-street options
Long lease remaining — circa 120 years (as of Dec 2024)
Service charge approx £1,020 per year; reviewed annually
Ground rent £150 per year; reviewed annually
Small overall size — c.380 sq ft, limited storage space
Area rated very deprived — consider resale/rental implications
This first-floor, one-bedroom apartment in Wellesley offers an affordable route onto the property ladder via 75% shared ownership. The open-plan kitchen/living space is bright and efficiently laid out, and large windows help the compact rooms feel light. Allocated off-street parking adds everyday convenience in a busy development.
Practical running costs are clear: an EPC B (84) indicates good energy performance, and the boiler-and-radiator heating is standard. The long lease (around 120 years) provides security for buyers, and the property is offered with no onward chain — useful for a straightforward purchase.
Be aware of the ongoing costs and local context. Service charge is about £1,020 per year and ground rent £150 per year; both are reviewed annually. This is a small 380 sq ft home, so storage and entertaining space are limited. The surrounding area is assessed as very deprived, which may affect long‑term resale or rental demand for some buyers.
For a first-time buyer or someone looking to downsize close to commuter routes, this apartment is a practical, well-presented option. It suits someone prioritising affordability, energy efficiency and easy access to transport, while accepting the compromises of compact living and shared-ownership terms.
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