First-step shared-ownership flat with balcony, parking and open grassland views..
50% shared ownership — target entry-level buyers
A bright, purpose-built one-bedroom apartment offered as a 50% shared-ownership share, set on the first floor with a small balcony and open views over adjacent grassland. The open-plan sitting room and kitchen create a light social space, and the double bedroom and bathroom complete a compact home arranged for easy living. Allocated off-street parking and communal garden space add practical outside amenity.
This property will suit a first-time buyer looking to get onto the housing ladder close to Newton Abbot town, hospital and transport links. The flat is presented in good order and benefits from lift access, double glazing, an electric boiler and excellent mobile signal. Monthly costs include a service charge of £260.11 and a rent element of £193.09 for the unsold share — factor these into your affordability calculations.
Important practical points: the flat is leasehold with around 85 years remaining on the lease, which could complicate mortgage offers and will require attention and likely extension in the near future. The property cannot be sublet or used as a holiday let. There is a medium risk of flooding in the area, which buyers should investigate and insure against. Service charge and communal maintenance are ongoing costs to budget for.
Overall this is a practical, well-located shared-ownership option for a single buyer or couple aiming to live locally and build equity, provided they are comfortable with the lease length, shared-ownership restrictions and the suggested running costs.
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