Affordable 2-bed ground-floor retirement flat with private entrance and communal gardens.
75% shared ownership — purchase price £67,500 for 75% share
A practical, low-maintenance ground-floor apartment aimed at buyers aged over 55. Offered on a 75% shared ownership basis, this 2-bedroom flat provides an affordable route into a retirement-style community with its own private entrance, communal gardens and residents’ parking. The layout is traditional with a spacious lounge, separate kitchen and a wet-room bathroom — suited to downsizers seeking convenience rather than large-scale living space.
The property is chain free and benefits from double glazing, mains gas central heating and an EPC rating of C. Service charges cover communal upkeep and include a sinking fund; these are predictable additional monthly costs to budget for. The building was constructed in the early 1990s and presents as generally well cared-for but with stylistic elements that may suit someone seeking straightforward, mostly cosmetic updating rather than full renovation.
Important practical considerations: the purchase is 75% shared ownership (priced at £67,500) and the flat is leasehold (99 years from 1 October 1994). There is an age restriction requiring buyers to be over 55. The wider neighbourhood is classified as very deprived with limited local aspiration indicators; buyers should weigh this against the apartment’s affordability and local amenities such as schools, shops and community facilities.
Overall this property will appeal to older buyers prioritising affordability, single-level living and communal outdoor space. It is less suitable for purchasers wanting a freehold, long lease, or those seeking a premium neighbourhood — the tenure, service charge and local area profile are the material trade-offs for a lower upfront price.