No Chain - One Bedroom Ground Floor Apartment

PLEASE NOTE: This is a compact one-bedroom apartment of approximately 473 sq ft. Buyers are advised to consider the accommodation and floorplan carefully before arranging a viewing.

Offered to the market with NO ONWARD CHAIN, this one-bedroom ground floor apartment forms part of the established and sought-after Elizabeth Drive gated development, set within approximately 28 acres of attractive communal grounds.

The accommodation comprises an entrance hall with storage, a bright open-plan living room and fitted kitchen, bathroom and double bedroom with built-in wardrobe.

Although compact internally, the property benefits considerably from its surroundings. Residents have use of the extensive landscaped communal grounds, together with residents' tennis courts and a communal BBQ area, creating a particularly pleasant setting rarely associated with a one-bedroom apartment.

The property also has one allocated parking space within the gated development. Please note that commercial vehicles are not permitted to be parked on the development overnight.

Elizabeth Drive is well placed for access to Banstead, Chipstead and surrounding areas, with local shopping, transport links and open spaces all within easy reach.

The property would make an attractive purchase for a first-time buyer, downsizer, commuter or investor looking for a manageable apartment within an impressive private development.

Key Features
NO ONWARD CHAIN
One bedroom ground floor apartment
Approximately 473 sq ft
Secure gated development
Approximately 14 acres of communal grounds
Residents' tennis courts
Communal BBQ area
Open-plan kitchen/living room
Double bedroom with built-in wardrobe
Allocated parking space
Sought-after Elizabeth Drive development

Leasehold Information

Ground Rent: £250 per annum
The seller advises that the ground rent is fixed with no scheduled increases.

Service Charge: £2766
Reserve Fund Charge: £2939
Total for the 12-month period: £5706 approx

If charges remained at the same level for both halves of the year, that would equate to approximately £5,706.24 per annum, although I would not put £5,706.24 as the annual service charge on Rightmove unless the managing agent has confirmed that figure.