Summary - Lower Turk Street,
Alton,
GU34 1FZ GU34 1FZ
1 bed 1 bath Flat
Affordable commuter-friendly apartment within easy reach of shops and rail links.
- 567 sqft one-bedroom, modern open-plan living/kitchen
- 25% shared ownership price £51,875; 5% deposit £2,594
- Estimated monthly cost from £842 (rent and service charge included)
- Allocated parking space and communal cycle storage
- Walkable to Alton station; direct trains to London Waterloo (~68 mins)
- Electric room heaters; likely higher running costs than gas
- Service charge c. £194.32pcm (annual c. £2,331.84)
- Local area records higher-than-average crime rates
This first-floor, one-bedroom shared ownership apartment at Rivermead Gardens offers a modern, low-maintenance start on the housing ladder. At 567 sq ft, the open-plan living/kitchen space has integrated appliances and a freestanding washer/dryer, with an allocated parking space and communal cycle storage. The development sits within easy walking distance of Alton town centre and the station, with direct trains to London Waterloo in about 68 minutes — a genuine commuter convenience.
Financially this unit is aimed at first-time buyers: a 25% share is priced at £51,875 with a 5% deposit of the share at £2,594. Estimated monthly outgoings from around £842 include rent on the unsold share (£357pcm) and a service charge (circa £194.32pcm). Council tax banding is TBC; buyers should factor this into monthly costs.
Practical considerations are clear: the apartment uses electric room heaters rather than mains gas, which can increase running costs, and the service charge is a recurring cost to budget for. The local area records higher crime levels than average, so prospective buyers should visit at different times and check local crime data. The lease is long (around 990 years) and the block is a modern build (2019), so major structural issues are unlikely.
For a buyer seeking an affordable, accessible commuter base or an entry into ownership, this apartment combines location and contemporary finish. It suits someone prioritising convenience and lower DIY maintenance, while accepting the ongoing shared-ownership costs and slightly higher utility and local-area considerations.
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