Affordable shared-ownership ground-floor flat near Warwick town centre and amenities.
50% shared ownership option available at £93,500
A practical ground-floor two-bedroom apartment offered as a 50% shared-ownership share in a modern red-brick development close to Warwick town centre, the racecourse and Sainsbury’s. The main living room is bright with twin windows; the property includes a fitted kitchen, ensuite shower room to the principal bedroom, gas central heating, double glazing and allocated off-street parking with gated access. Full-fibre broadband and Sky connection are already in place.
This home suits a first-time buyer or investor seeking low-maintenance, town-centre living with a long lease (approximately 130 years remaining). Service charge is modest at £137.47pcm; current owner reports a 50% rental charge of £277.27pcm on top of the purchase price for the shared ownership share. Ground rent figure is awaited, so budget for additional running costs when considering the total monthly outlay.
Important practical points: there is no private garden and outlooks are over parking and communal planted areas. The area records higher-than-average crime and a medium flood risk — both factors to consider for long-term security and insurance. The apartment is compact (about 700 sq ft total) and bedroom two is narrow, currently used as a dressing room, so room layouts may suit those prioritising a generous main reception and principal bedroom rather than two equal doubles.
Overall this is a well-kept, low-upkeep apartment with good local amenities and transport links. It will appeal most to buyers comfortable with shared ownership, those wanting a town-centre base, or investors looking for an easy-to-manage let — provided the additional rental charge, service charge and local risk factors fit their budget and plans.
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