1 bed flat

Chiswell & Co is offering for sale a one-bedroom luxury apartment in the sought-after Oceana Boulevard development. The property features a modern kitchen with built-in appliances, a double bedroom, and a lounge, and is conveniently located near the town center and main bus routes. However, there are two ongoing issues that potential buyers should be aware of. Firstly, the building has a B2 rating on the EWS1 form, which is a government-mandated assessment of a building's fire safety, and Barratt Homes is working to resolve this issue, but the timeline for completion is unknown. Secondly, there is an ongoing section 20 notice for the building, which relates to long-standing issues with water ingress to the roof and smoke extraction in the car park levels. While the apartment itself has not been affected by these issues, the building owner will need to undertake work to resolve the problems, which will likely require a contribution from the leaseholders, including the buyer. The exact cost of this work is currently unknown, but it is expected to be significantly lower than the initial estimate of £5.2 million, with the buyer's obligation expected to be around £18,000.