Tenure
Knowing the tenure of the property is important because it affects your rights to use the property and the costs of ownership.
Freehold means you’ll own the property and the land it's built on. You'll usually be responsible for the maintenance of the property and have more freedom to alter it.
For flats and maisonettes, the freehold is sometimes shared with other properties in the same building. This is known as a share of freehold.
Leasehold means you'll have the right to live in the home for a set amount of years (specified in the lease). The landlord (the freeholder) owns the land, and if the lease runs out, ownership of the property will go back to them. Lease lengths that are less than 80 years tend to be more complicated and can cause issues with mortgage lenders.
You can extend a lease but this can be expensive. If you'd like to make changes to the property, you'll likely need the landlord’s permission. You're also likely to have to pay an annual amount for ground rent and services charges which can be subject to change. It is good practice to check additional leasehold costs that will apply to the property and factor this into your budget considerations.
Shared ownership is a form of leasehold in which you buy a percentage of the property and pay rent on the share you do not own. You may be able to buy the remaining share at an extra cost. When you wish to sell the property, you may need permission to do so.
Commonhold is a type of freehold ownership for a property that's within a development. A commonhold or residents’ association owns and manages the common parts of the property (like stairs and hallways). You'll need to join the commonhold association and contribute towards maintaining the development. It is good practice to check additional costs that will apply to the property and factor this into your budget considerations.
Lease length
What it is
This is the number of years you have the right to live on this property. After this time, ownership goes back to the landlord (the freeholder).
Why it’s important
Properties with short lease lengths (80 years or less) can decline in value as they are less appealing. Mortgage companies may also be less willing to lend on it. You can extend the lease, but costs can be expensive, particularly for those properties with less than 80 years left on the lease. You should confirm the length of the lease and factor in these issues when buying a leasehold property.
Contact the agent for more details.
EPC rating
Where does this data come from?
We mostly rely on estate agents to provide this information, otherwise, EPC data is provided by the UK Government.
How up-to-date is this data?
Government EPC data is usually updated 2-4 times a year.
What if this data is out of date?
Please contact the estate agent to update an EPC certification.
Service charges
What it is
A service charge is a regular payment for maintaining shared areas of a building. For example, lighting, heating, cleaning, building insurance and maintenance work.
Service charges are common for leasehold properties. But, some newer freehold homes may also have service charges too.
Why it’s important
Service charges can increase. You may also need to cover maintenance costs for future works that are not yet known. You should factor these costs into your budget.
Contact the agent to check this property’s historic and anticipated changes to service charges.
Council tax band (England, Scotland, Wales)
Council tax is payable on all domestic properties. The amount you pay depends on the tax band. You can check the charges for each tax band online via the following websites:
England and Wales - https://www.gov.uk/council-tax-bands
Scotland - https://www.saa.gov.uk
You may have personal circumstances that mean that you pay a reduced rate. You can get more information from the local council.
- Flats
This modern one-bedroom apartment is a fantastic opportunity for both first-time buyers and investors, boasting recent renovations and redecoration throughout, and is offered to the market with no upward chain, making it truly move-in ready. Ideally located in the heart of the City Centre, the property enjoys easy access to an array of bars, restaurants, excellent transport links, and a variety of local amenities. Inside, the accommodation features a bright and airy living area with direct access to a balcony. The living space flows seamlessly into a sleek, modern kitchen diner, ideal for entertaining, along with a utility cupboard. The double bedroom is well-appointed with fitted wardrobes, providing ample storage, and is serviced by a contemporary three-piece bathroom suite. Additionally, the property benefits from the convenience of an underground allocated parking space, enhancing its appeal as a stylish and practical urban home.
Must be viewed
Accommodation
Open Plan Kitchen, Dining & Living Area (6.65 x 4.67 (21'9" x 15'3"))
The open plan kitchen, dining and living area is fitted with a range of handless base and wall units, under-cabinet lighting, worktops, an undermount sink with a brand new swan neck mixer tap and new macerator, an integrated combi-oven with an electric hob, an integrated fridge, an integrated dishwasher, recessed spotlights, wood-effect flooring, a wall-mounted electric heater, a wall-mounted security intercom system, a TV point, and a single door opening out onto a balcony area.
Utility Cupboard (1.81 x 0.70 (5'11" x 2'3"))
The utility room houses the water tank and has a freestanding washing machine.
Bedroom (3.91 x 2.88 (12'9" x 9'5"))
The double bedroom has carpeted flooring, an in-built sliding door wardrobe, recessed spotlights, a TV point, a wall-mounted electric heater, and full-height double-glazed windows.
Bathroom (2.20 x 1.69 (7'2" x 5'6"))
The bathroom has a concealed dual flush W/C, a sunken wash basin, an electrical shaving point, a bath with an overhead shower fixture and a shower screen, a chrome heated towel rail, tiled flooring, partially tiled walls, recessed spotlights, and an extractor fan.
Outside
The property benefits from an allocated underground parking space.
Additional Information
Broadband – Openreach
Broadband Speed - Superfast available - 80 Mbps (download) 20 Mbps (upload)
Phone Signal – Mostly 4G coverage
Electricity – Mains Supply
Water – Mains Supply
Septic Tank – No
Sewage – Mains Supply
Flood Risk Area - Low for surface water / very low for rivers & sea
Non-Standard Construction – No
Any Legal Restrictions – N/A
Other Material Issues – N/A
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