Summary - Lotus House, Elm Road, Shirley, B90 8BE B90 8BE
1 bed 1 bath Flat
Well-kept 1-bed shared ownership flat with balcony, parking and long lease.
- Second-floor one-bedroom apartment with Juliet balcony and lift access
- Offered as 50% shared ownership (£90,000) or 100% for £180,000
- Monthly rent approx £302.90; rent may rise annually (RPI-linked)
- Service charge ~£1,560pa and ground rent £300pa
- 144 years remaining on the lease (long lease term)
- Electric room heaters only — higher running costs possible
- One allocated parking space plus visitor parking
- EPC rating C; built 2021, modern fixtures throughout
This well-presented second-floor apartment in Lotus House offers an accessible first home in a quiet suburban pocket of Shirley. Built in 2021, the open-plan living/dining/kitchen benefits from a Juliet balcony and good natural light, while the double bedroom is large enough for typical bedroom furniture. The building has secure intercom access, lift and communal grounds, with one allocated parking space plus visitor bays.
The property is offered as a 50% shared ownership at £90,000 with a monthly rent of approximately £302.90, or it can be purchased outright for £180,000. Annual outgoings include a service charge of about £1,560 and a ground rent of £300; prospective buyers should budget for these and confirm details with their solicitor. Heating is electric room heaters; note there is no mains gas.
Practical positives include a modern fitted kitchen, a contemporary bathroom and an EPC rating of C. The long lease (around 144 years remaining) reduces lease-related risk. However, there are important running costs and limitations to consider: the shared-ownership rent is reviewed annually (RPI-linked), service charges apply, and the property relies on electric heating which may raise energy costs compared with gas-heated homes.
This apartment will suit first-time buyers or anyone wanting a low-maintenance base near local schools and amenities. It offers immediate move-in potential with scope to personalise the interior, while buyers planning full ownership should note the freehold/100% purchase price and confirm financial implications before committing.
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