50% shared ownership starter home with garden and parking — check lease and flood risk.
50% shared ownership — £97,500 for a 50% share
A genuinely affordable first-step home, offered as a 50% shared-ownership share at £97,500. The three-bedroom semi-detached house sits in a quiet cul-de-sac on Braddon Road and offers practical features for everyday living: drive for off-street parking, a private rear garden, UPVC double glazing and gas central heating. The layout is straightforward — entrance porch, open-plan living/dining room, kitchen, three bedrooms and a family bathroom — making it easy to live in while you plan updates.
The property is small (approx. 625 sq ft) and would benefit from some modernisation to maximise comfort and value. Internal fittings and decor are dated in places, though the solid mid‑20th century brick construction and filled cavity walls provide a sound starting point. Broadband and mobile signal are strong, and several well‑rated primary and secondary schools are within easy reach, supporting family life.
Important practical cautions: the lease has about 71 years remaining and mortgage lenders may refuse lending on properties with shorter leases — buyers should check mortgage availability and potential lease extension costs before committing. The site is in a high flood-risk zone and recorded above-average local crime; both are material factors for insurance and long-term planning. Service charge is low (£27), and council tax is described as affordable.
This home suits a budget-conscious first-time buyer or investor comfortable with shared ownership and willing to carry out modest improvements. If you want an economical entry into Loughborough with parking and a private garden, this property deserves a viewing — but check financing and flood-insurance implications early in your decision process.
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