Affordable starter home near Rye House station and riverside walks.
Ground-floor two-bedroom flat, approx. 532 sq ft
About 0.2 miles from Rye House train station
100-year lease (c.100 years remaining)
Also available as 60% shared ownership
Off-street parking for one vehicle
Service charge c. £187.99 + £25.79 pcm sinking fund
Area classed as deprived; above-average local crime
Small communal outdoor space; modest internal size
This ground-floor two-bedroom flat offers an affordable entry into Hoddesdon with easy access to Rye House station (about 0.2 miles). The layout includes a spacious lounge/diner, a compact kitchen and bathroom, and off-street parking for one vehicle — practical features for first-time buyers or a buy-to-let purchaser.
The property sits on a 100-year lease (approximately 100 years remaining) and is offered with a 60% shared ownership option, reducing the upfront cost. Monthly charges are c. £187.99 plus a sinking fund contribution of £25.79 (total c. £2,255.88 annually communicated as service charge). Main utilities are connected including mains gas central heating and double glazing is fitted (installation date unknown).
Be clear about limitations: the flat is small (approx. 532 sq ft) and in a neighbourhood classed as deprived with above-average local crime statistics. Communal outdoor space is modest and the area is described as a constrained renters market — factors that affect long-term capital growth and tenant demand. Internal condition and decorative state will influence value and may require updating.
On balance, this is a pragmatic, low-maintenance home or a starter investment close to transport links, river walks and local amenities. Shared ownership reduces the entry cost for buyers who want to live locally without the full purchase price, while investors will find lettability supported by the station proximity and fast broadband/mobile connectivity.
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