Summary - 52, Grove Gardens, Elm PE14 0JQ
3 bed 2 bath Semi-Detached
Affordable entry on a new development with parking and garden space.
- 40% shared ownership with option to buy 100% for £240,000
- Monthly rent £358.90; monthly service charge £52.73
- 121 years remaining on the lease (leasehold)
- Three double bedrooms; ensuite to bedroom one
- EPC rating B; built in 2021, low maintenance
- Two off-street parking spaces and enclosed rear garden
- Good local schools and easy A47 access
- No flood risk; fast broadband
A modern three-bedroom semi-detached home finished in 2021, offered as 40% shared ownership with an option to buy 100% for £240,000. The layout includes a lounge, kitchen/diner, downstairs WC, three double bedrooms, ensuite to the main bedroom and a family bathroom. Practical extras include two off‑street parking spaces and an enclosed rear garden with patio and lawn.
This property suits first-time buyers seeking a lower entry cost into a newer development. The EPC B rating and gas central heating provide reasonable running costs, while the 121‑year lease and below‑average service charge give ownership stability. Local amenities include good primary and secondary schools, easy access to the A47 and nearby shops in Elm and Wisbech.
Be clear about the ongoing costs: shared ownership means a monthly rent of £358.90 plus a monthly service charge of £52.73. The tenure is leasehold, so buyers should budget for rent, service charge and the eventual purchase cost if they choose to stair‑step to 100% ownership. No flood risk is recorded and broadband speeds are fast, supporting home working.
Overall this is a practical, low‑maintenance home for someone wanting a modern property with good energy efficiency and room to grow into full ownership. Viewings are recommended for anyone weighing long‑term purchase against the immediate affordability benefits of shared ownership.
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