Summary - Flat 5, 3, Burrows Close, GLOUCESTER GL2 5SB
1 bed 1 bath Apartment
Ideal entry-level home near Gloucester Docks with parking and communal gardens.
25% shared ownership — 25% share price £40,625
Long lease: 245 years remaining
Allocated off-street parking space
Communal gardens and low-rise block setting
EPC C77; council tax band A (very low)
Main heating: electric room heaters, no gas central heating
Annual service/management charge £1,663.68
Medium local flood risk; consider insurance costs
This well-presented one-bedroom first-floor apartment offers an efficient 523 sq ft layout ideal for a first-time buyer seeking a dockside location. The open-plan living/kitchen space is bright with large windows and potential balcony access, while the double bedroom easily accommodates wardrobes and a king-size bed. An allocated off-street parking space and small communal gardens add practical convenience.
Offered as 25% shared ownership with a long 245-year lease, the purchase price for the share is £40,625 with a monthly rent contribution. Running costs are notable: an annual management/service charge of £1,663.68 and electric room heaters as the main heating source; there is no gas central heating. The EPC is C77 and council tax is band A (very low), which helps keep ongoing costs modest.
The location is a major selling point — a short walk from Gloucester Docks with shops, restaurants and leisure facilities on your doorstep and fast broadband plus excellent mobile signal. Practical drawbacks to consider are medium flood risk for the area, reliance on electric heating, and the service charge; the apartment is best suited to single occupants or couples and would also appeal to buy-to-let investors comfortable with shared ownership terms.
Overall, this compact modern apartment combines dockside convenience, secure long leasehold tenure and manageable running costs, making it a strong option for a first-time buyer wanting a low-entry route into Gloucester’s central area.
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