Contemporary shared-ownership flat with fast city links and communal green space.
25% share price shown; full market value £151,000
A newly built one-bedroom apartment in Perry Barr Village, offered via shared ownership, is a practical step onto the property ladder. The apartment has an open-plan living/kitchen area, integrated appliances, a private balcony and access to landscaped communal gardens. It comes with a very long lease (990 years) and has been finished to a contemporary specification.
This listing reflects a 25% share purchase price with a rent payable on the remaining share; a £1,000 deposit boost is available for qualifying reservations. Running costs include a notable service charge (around £186.13pcm / £2,233.56pa) and rent on the unsold share (£260pcm based on the 25% example). There is no on-site parking, only on-street parking nearby.
Transport and local amenity are strong value drivers: Perry Barr station is opposite the development with a 13-minute train to Birmingham New Street, and the One Stop shopping centre sits directly across the road. Broadband and mobile signal are reported as good, and the scheme includes child play facilities and communal green space.
Buyers should be clear about material drawbacks: the immediate neighbourhood records very high crime and a high level of area deprivation, which may affect resale and rental demand. Shared ownership tenure means you will pay rent and service charges in addition to mortgage costs, and there is limited private outdoor space beyond the balcony and communal grounds. This apartment suits first-time buyers seeking an affordable city-entry purchase or buy-to-let investors who accept the shared-tenure model and local market risks.
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