Is it worth buying a leasehold new build house?
I'm a first time buyer and looking at a new build house with a 999 years lease in Edgware, London. The ground rent is fixed at £350 per year for 10 years and then reviewed every 10 years based on RPI. It also has a service charge of £1250 per year fixed for 1 year only. The new estate has a communal heating system with a fixed charge of £258 per year. With all the above in mind would this property be too difficult to sell in 10 years time?
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