Barnsdale Close, Loughborough, LE11

This spacious, affordable and accessible ground floor two double bedroom apartment is situated within a popular waterside complex close to the town centre, approximately a five minute walk away. Offered at a 50% shared ownership with Riverside Housing Association, the property presents an affordable opportunity for buyers looking to step onto the property ladder, rent for the remaining 50% is £358.18. There are approximately 76 years remaining on the lease.

To be eligible for the Riverside Shared Ownership scheme in England, you must usually be a first-time buyer, someone who previously owned a home but can no longer afford to buy one, or someone forming a new household after separation. Your household income must not exceed £80,000 per year outside London or £90,000 per year in London. You’ll also need to demonstrate that you cannot afford to purchase a suitable home on the open market but can afford the costs associated with shared ownership, including the mortgage, rent, and any service charges. Applicants are generally required to have good credit and a deposit of around 5–10% of the share they are purchasing. For example, if a flat is valued at £300,000 and you buy a 50% share (£150,000), a 10% deposit would be £15,000. Finally, you must pass affordability checks carried out by the housing association, which will assess your income, outgoings, debts, dependents, and credit score.

The apartment benefits from allocated parking, uPVC double glazing throughout and an all-electric heating system.

Initially on entry, the hallway provides access to the principal rooms and useful storage. The accommodation is well laid out and offers well-proportioned rooms throughout.

A particular feature of the property is the open plan living kitchen, creating a sociable and practical main living space. The living area flows into the kitchen, which offers fitted units and space for appliances. While perfectly serviceable, the property would benefit from a programme of modernisation and cosmetic updating, allowing a purchaser to improve and personalise to their own taste.

The main bedroom is a generous double room, with the second bedroom also being a true double in size, offering flexibility for guests, a home office or sharers. The bathroom serves the apartment and, like the rest of the property, would benefit from updating.

Location
The development is especially popular due to its waterside setting and peaceful position away from the main road, while still being conveniently close to local amenities and the town centre.

The property would make an excellent purchase for professionals, first-time buyers or investors alike.

Directions
From the town centre, head north along Swan Street, continuing onto The Rushes and then Derby Road. Turn right into Barnsdale Close, where the property entrance is found on the left.

Lounge / diner

3.44m x 6.91m

Bedroom 1

2.97m x 4.72m

Bedroom 2

2.32m x 3.5m

Bathroom

3.38m x 2.09m

Parking - Allocated parking