Summary - Flat 2, 5, Haven Close, EAST COWES PO32 6GL
1 bed 1 bath Ground Flat
Low-deposit entry for buyers seeking easy town living and parking.
One double bedroom ground-floor apartment, separate kitchen
40% Shared Ownership from £46,000 (full value £115,000)
Allocated off-street parking to rear of block
Chain free sale with a new 125-year lease to be provided
Service charge approx £127.43 pcm (£1,529.16 pa)
Rent on unsold share example £158.12 pcm at 40% share
No private garden; small town fringe setting, limited views
Sold as seen; buyers advised to verify appliances and services
This ground-floor one-bedroom apartment offers an affordable route onto the property ladder via Shared Ownership, with a 40% share available from £46,000 against a full market value of £115,000. The layout includes a double bedroom, separate kitchen, lounge and bathroom, with allocated off-street parking and gas central heating. EPC rating C and a recently constructed block (2007 onwards) support reasonable running costs.
The scheme suits a single buyer or couple seeking low-maintenance town living close to local amenities and schools. The property is chain free and sold with a new 125-year lease. Council Tax is low (Band A) and broadband and mobile signal are adequate.
Buyers should note the ongoing costs: rent on the unsold share (example £158.12pcm at 40%), and an approximate service charge of £127.43pcm (£1,529.16pa). The apartment is leasehold and sold as seen; some purchasers may want to inspect fixtures, fittings and services before committing.
The immediate area is a small-town fringe location with mixed socio-economic indicators and average local crime; this is reflected in pricing and the affordability proposition. For buyers who meet shared ownership eligibility (income and residency conditions), this is a low-deposit, lower-monthly-cost option to secure a modern, well-presented home with scope to stair-case additional shares in future.
1 bedroom ground floor flat for sale in Haven Close, East Cowes, PO32 — £48,000 • 1 bed • 1 bath • 435 ft²
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