Affordable shared-ownership flat near station and schools, ready to move into.
- 35% shared ownership offer at £82,250 (full value £235,000)
- First-floor 1 bed, approx 495 sq ft, built 2008
- Allocated off-street parking space included
- Communal garden and nearby parkland views
- Lease 109 years remaining; chain free sale
- Monthly rent c. £527.48 plus service charge
- Broadband speeds slow; local crime above average
- Double glazing, gas central heating, EPC rating B
This bright one-bedroom first-floor apartment offers an accessible entry into homeownership via shared ownership. At about 495 sq ft, the layout includes a generous reception room, separate fitted kitchen, double bedroom with built-in wardrobe and a well-appointed bathroom. The block was built in 2008 and benefits from allocated off-street parking and a communal garden overlooking parkland.
Practical running costs are transparent: a 35% share is priced at £82,250 (full market value £235,000). Annual service charge is c. £2,430.72, ground rent £100 per year and monthly rent c. £527.48. The lease has 109 years remaining. The property is chain free and close to local shops, good primary schools and Elstree & Borehamwood station for Central London links.
Notable limitations are factual and important: this is a shared ownership leasehold, so staircasing, rent and service charges apply. Broadband speeds are reported as slow and local crime levels are above average. Buyers should factor those running costs and the tenure implications into their decision and verify all services independently.
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