50% shared ownership; affordable £50,000 entry price
A compact, first-floor one-bedroom apartment in the heart of Plymouth city centre, offered as 50% shared ownership and sold chain free. The open-plan living area runs the length of the flat and leads to a south-facing balcony, bringing good natural light. The fitted kitchen includes integrated appliances and there is full double glazing with gas central heating. The lease has about 108 years remaining.
This property suits a first-time buyer seeking an affordable city-base or an investor targeting city-centre lets (students and young professionals nearby). The location is very central — close to Drake Circus, the university, train station and Sutton Harbour — so amenities and public transport are within easy walking distance.
Buyers should note several material considerations: the property sits in an area with very high crime levels and very slow broadband speeds. Annual costs include a service charge of around £1,920 and a ground rent of £2,928 (described as very expensive). The flat is average-sized (approximately 502 sq ft) and may be best for single occupancy or couples rather than families.
Overall, this is a budget-friendly route into central Plymouth living with immediate access to city amenities and rental demand, but buyers must factor in ongoing charges, local crime rates and limited broadband performance when deciding whether to view or proceed.
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