Affordable commuter flat near Rye House station with parking and buy-out option.
• 60% shared ownership; available to buy outright
• Ground-floor two-bedroom flat, c. 532 sq ft
• Approx. 100 years remaining on the lease
• About 0.2 miles to Rye House station; river walks nearby
• Off-street parking included; communal entrance only
• Monthly total costs ~£599.19 (rent + service charge + sinking fund)
• Service charge averages £2,255.88 per year
• Local area: above-average crime and higher deprivation levels
A practical ground-floor two-bedroom flat in Pepys Court, Colthurst Gardens, offered as 60% shared ownership with an option to buy outright. The layout delivers a generous lounge/diner, two well-proportioned bedrooms and a fitted kitchen within about 532 sq ft — a compact, manageable home for first-time buyers or a buy-to-live opportunity.
Location is a clear plus: Rye House station is roughly 0.2 miles away for quick commutes, and the River Lea walks and local amenities are within easy reach. The building is modern (circa 1996–2002), double glazed and gas-heated via a boiler and radiators. Off-street parking and good broadband and mobile reception add everyday convenience.
Be clear about the costs and local context. The lease has around 100 years remaining. Monthly outgoings for the shared-ownership option total about £599.19 (rent plus service charge and sinking fund); the service charge alone averages £2,255.88 annually. The wider area records above-average crime levels and higher deprivation indicators, and the communal grounds are small with no private garden. These are important factors for budgeting and lifestyle.
For a first-time buyer seeking an affordable entry onto the ladder near rail links, this flat is practical and low-maintenance. For those wanting long-term security, buying the remaining share to move to full ownership is possible. The property will suit someone prioritising transport links and manageable living costs over private outdoor space or a quiet, low-crime neighbourhood.
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