2-bedroom flat · CM20 1FW
For saleListed 99 days
Opportunity summary
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About
Step Onto the Property Ladder with This Fantastic 50% Shared Ownership Opportunity If you're looking to get onto the property ladder, this stylish and modern two-bedroom apartment offers an excellent opportunity through a 50% shared ownership scheme.
Well presented throughout, this contemporary home is ideal for first-time buyers, professionals, or those seeking a low-maintenance lifestyle in a convenient location.
The property features a bright and spacious open-plan lounge and kitchen, creating a welcoming living space perfect for relaxing or entertaining.
Patio doors open onto a private balcony, providing the ideal spot to enjoy your morning coffee or unwind after a busy day.
The apartment offers two well-proportioned bedrooms, with the principal bedroom benefiting from a modern en-suite shower room.
A separate family bathroom is finished to a high standard, adding extra convenience for residents and guests alike.
Additional features include an entry phone security system for peace of mind and one allocated undercover parking space, ensuring secure and convenient parking all year round.
Ideally situated close to the town centre, the property enjoys access to a wide range of shops, restaurants, cafés, and leisure facilities.
It is also within close proximity to Princess Alexandra Hospital, making it an excellent choice for healthcare professionals or anyone seeking excellent local amenities and transport links.
Offered to the market chain free, this superb apartment is ready for its new owners to move straight in and make it their own.
Combining modern living, an excellent location, and an affordable route into home ownership, this is an opportunity not to be missed.
Full Market Value £250,000 50% share - fixed price £125,000 Rent on Unowned Share £380.58 Service Charge £218.86 Lease Management Fee £35.35 Figures correct at time of instruction.
Shared ownership provides an affordable way for you to become a home owner, by buying a share in a home and paying a subsidised rent on the remaining share.
You will then have an opportunity to purchase further shares in your home in the future up to 100%, which we call "staircasing", as further shares are purchased the rent reduces accordingly.
Contact us today to arrange a viewing and find out how this well presented apartment could become your new home. Communal Entrance Entry fob system, stairs and lifts to upper floors.
Entrance Via door into hallway. Hallway Entry phone receiver, radiator, laminated wood effect flooring, storage cupboard housing washing machine.
Open Plan Lounge/Kitchen 18'4" x 15'2" (5.59m x 4.62m) Window to front aspect, range of wall and base units with work surface tops over, inset sink with mixer tap, integrated oven and hob with extractor over, fridge, freezer and dishwasher, laminated wood effect flooring, radiator, sliding door to balcony.
Bedroom One 12'6" x 9'3" (3.81m x 2.82m) Window to rear aspect, radiator, access to ensuite.
Ensuite Enclosed shower cubical, low flush WC, wash hand basin, part tiled walls, tiled flooring, towel rail radiator, extractor fan.
Bedroom Two 8'8" x 8'8" (2.64m x 2.64m) Window to rear aspect, radiator.
Bathroom 7'3" x 6'5" (2.21m x 1.96m) Panelled bath with shower over and screen, low flush WC, wash hand basin, part tiled walls, tiled flooring, towel rail radiator, extractor fan.
Parking One allocated parking space.
Agents Note Council Tax Band D £2,298.69 Lease 250 years from 1 December 2021 (245 years remaining) Shared Ownership Full Market Value £250,000 50% share - fixed price £125,000 Rent on Unowned Share £380.58 Service Charge £218.86 Lease Management Fee £35.35 Figures correct at time of instruction.
Shared ownership provides an affordable way for you to become a home owner, by buying a share in a home and paying a subsidised rent on the remaining share.
You will then have an opportunity to purchase further shares in your home in the future up to 100%, which we call "staircasing", as further shares are purchased the rent reduces accordingly.
Disclaimer haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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