Summary - 74 Grebe Close PO8 9UU
3 bed 1 bath Semi-Detached
Affordable shared-ownership with renovation potential and rear garden.
50% shared ownership — 50% share priced at £127,500
A 50% shared-ownership three-bedroom semi-detached home offering an affordable route onto the property ladder. The 765 sq ft layout includes two doubles, a single bedroom, one bathroom plus a downstairs WC, a modest rear garden and off-street parking — all chain free.
The property requires renovation and cosmetic updating throughout, which creates scope to add value but will need time and budget. The lease has 77 years remaining; this is a material issue and many mortgage lenders may refuse to lend on this property. Buyers should obtain mortgage advice and investigate lease-extension costs before commitment.
Practical running costs are reasonable: mains gas heating, double glazing and a C EPC rating. Monthly costs for the 50% share are a £348.72 rent plus a £20.40 service charge (annual management cost shown as £244.80). The property sits in a cul-de-sac near schools, local shops and bus routes, convenient for young families and first-time buyers prepared to carry out refurbishment.
Be aware the area records higher crime and significant local deprivation, which may influence resell or rental potential. This home could suit a first-time buyer seeking low entry cost and willing to invest in improvement, or an investor comfortable with lease and lending constraints.
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