Compact over-55s shared ownership flat near town centre, low price but lease needs attention.
Shared ownership 70/30 with Accent Housing (shared equity)
A compact one-bedroom first-floor flat offered as a 70/30 shared ownership in a communal over-55s development. The layout includes an entrance lobby, lounge, kitchen and bathroom within 423 sq ft, with electric storage heating and double glazing. The property is sold with no chain and sits close to Burnley town centre and local amenities.
This apartment suits a purchaser seeking an affordable entry into retirement housing or a buy-to-let investor targeting over-55s accommodation. The communal seating area and proximity to shops, bus links and local services deliver practical convenience. Service charge is £1,032 per annum and council tax is Band A, keeping running costs clear and predictable.
Buyers must note material considerations: the lease has around 81–82 years remaining — short enough to require prompt lease extension action or lender checks. The area records high crime levels and is classified as very deprived, which may affect resale and rental demand. Heating is via electric storage heaters and the energy performance is awaiting an EPC, so running costs should be verified.
Overall this is a small, low-priced shared ownership retirement flat offering immediate occupation potential and low purchase outlay. It will suit someone prioritising affordability and location convenience, while accepting the need for lease advice, potential refurbishment, and careful consideration of local area challenges.
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