Compact, low-rent shared-ownership flat close to Northfield shops and transport.
- One-bedroom retirement apartment, first-floor with stairs access
- 70% shared ownership; no rent payable on the share
- Vacant possession ready for immediate occupation
- 73 years left on lease; lenders may refuse mortgages
- Service charge approx £2,400 per year (approx £200/month)
- Compact overall size (approx 422 sq ft); limited living space
- Kitchen dated (1980s) and will likely need updating
- Building has communal parking and 24-hour emergency alarm
This first-floor one-bedroom retirement apartment offers independent living for the over-60s with 70% shared ownership and no monthly rent. Located on Frankley Beeches Road, it sits close to Northfield High Street, local shops and regular bus services, making everyday errands convenient. The building provides a secure entry, communal parking and a 24-hour emergency alarm, with the flat sold with vacant possession.
The accommodation is compact (approx. 422 sq ft) and suits a downsizer seeking a low-maintenance base rather than a spacious home. The kitchen dates from the 1980s and will likely need modernising. Internal layout is straightforward, and built-in bedroom storage helps maximise space, but the property is best viewed with realistic expectations about size and cosmetic condition.
Important practical considerations: the lease term is short (around 73 years remaining) which may prevent many mortgage lenders from approving mortgages. There is an average service charge of about £2,400 per year and the wider area has high crime and significant deprivation indicators; buyers should review the management pack and local data carefully. Council tax band is low, broadband and mobile signal are good, and there are communal activities on site for residents.
This apartment suits an older buyer looking to downsize while retaining independence, someone able to buy via shared ownership and comfortable either buying outright or arranging specialist finance. It could also appeal to a purchaser prepared to invest in modest refurbishment to improve the kitchen and finishes.