Affordable 50% share with balcony, parking and communal garden — lease length may limit mortgages.
50% shared ownership — buy a 50% share for £45,000
Approx 508 sqft; compact two-bedroom layout
Balcony overlooking communal gardens
Allocated off-street parking space
Double glazing and electric heating; modern décor
Service charge average £1,804.56 pa; £150.38 pcm
67 years remaining on lease — lenders may refuse
Monthly outgoings approx £411.74 (rent + service charge)
A compact two-bedroom first-floor apartment offered as a 50% shared ownership for £45,000. The flat is practical and low-maintenance, with a balcony overlooking well-kept communal gardens and an allocated off-street parking space. Interiors are modern and neutral with double glazing, electric heating and a bright living room from floor-to-ceiling glazing.
This home suits first-time buyers looking to get on the ladder with lower upfront costs. Monthly outgoings total approximately £411.74 (rent £261.36 + service charge £150.38), and the service charge average is £1,804.56 per year. Broadband speeds are reported as fast and mobile signal is excellent, useful for remote working or streaming.
Important cautions: the lease has around 67 years remaining — many mortgage lenders may refuse lending on this term. The property is in an area classified as outer city hardship and deprived, which may affect long-term resale and mortgage options. The apartment is small at about 508 sq ft and has a single bathroom, so it will suit those seeking compact, affordable accommodation rather than a long-term family home.
Nearby schools include several good-rated options and top-performing independent choices within reach, and local amenities cover buses, colleges and shops. Chain-free sale and allocated parking add convenience, but buyers should obtain mortgage advice early regarding lease length and confirm all service charge details before proceeding.
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