Buy a 50% share in a two bedroom ground floor flat near Wakefield city centre..
50% shared ownership—50% share price £55,000
Ground-floor two-bedroom apartment, approx. 528 sq ft
No onward chain; 106 years remaining on lease
Rent on unowned share £126.04 pcm (approx.)
Off-street visitor parking and communal gardens
Located close to Wakefield city centre and transport links
High local crime rates; area classed as deprived
Small overall size; limited space for larger families
This ground-floor two-bedroom apartment is offered as shared ownership (50% share) with no onward chain, presenting an affordable route onto the property ladder near Wakefield city centre. The flat includes a lounge, kitchen, bathroom and two bedrooms across about 528 sq ft, with off-street visitor parking and maintained communal gardens.
The property sits in a relatively new development (built 2007–2011) with double glazing and gas central heating. Leasehold details are secure for buyers: approximately 106 years remaining on a 125-year lease. Full market value is £110,000; the 50% share price is £55,000, with rent on the unowned share currently shown at £126.04 pcm.
Important negatives are presented plainly: the area records high crime levels and is classed as deprived, which may affect resale and rental demand. This is a small property, so space is limited for larger households. As a shared ownership purchase there will be additional legal/conveyancing costs and ongoing rent/service obligations on the unowned share. Buyers should confirm service charges and exact running costs before committing.
Suitable for first-time buyers or buyers seeking an entry-level purchase close to transport links and local amenities, this apartment offers an economical step onto the housing ladder while requiring realistic expectations about location and size.