Bright, modern penthouse with balcony, two gated parking spaces and shared ownership option.
Top-floor three-bedroom penthouse with river views from wrap-around balcony
A seldom-available three-bedroom penthouse occupying the top floor with a large wrap-around balcony overlooking the River Leam and surrounding greenery. The apartment delivers bright, open-plan living with floor-to-ceiling windows, a sleek contemporary kitchen with integrated appliances and a high-spec ensuite to the principal bedroom. Two secure gated underground parking spaces and lift access add practical convenience.
This property is offered as shared ownership (35% at £131,250) or 100% ownership. It comes with over four years remaining on the NHBC warranty and is being sold chain-free, making it appealing for buyers seeking a quick move or a lower-cost entry into the area. The development sits between Warwick and Royal Leamington Spa with easy access to local shops, transport links and commuter routes (A46, M40, Warwick Parkway).
Notable ongoing costs and constraints are material: the home is leasehold with 119 years remaining, a service charge of approximately £3,089 pa (c. £274.55 pcm), annual ground rent of £250 and an approximate monthly rent of £669.22 (for the 35% share) — total estimated charges c. £943.77 pcm from April 2025. Heating is electric (room heaters) rather than gas, and there is a medium flood risk and above-average local crime levels to consider. These factors affect running costs, insurance and suitability for some buyers.
Overall this penthouse suits a buyer prioritising riverside views, modern finishes and secure parking who is comfortable with leasehold/shared ownership terms and higher service costs. First-time buyers seeking an entry route into Warwick/Leamington and purchasers wanting a low-maintenance, move-in-ready home will appreciate the clean contemporary presentation and ready access to local amenities.