Owning your own home

I looked at this today, agent said he'd consider £150k, and share of freehold will be handed over after sale (it's a new build, three flats, two are gone). Area wasn't great, but not iffy, just boring - work's only a six mile ride. Would be a pain getting bikes up the stairs and no other storage. Not the place of my dreams by a long, long way, but it's clean and tidy, relatively spacious and has a wee balcony.

What do you reckon? Anyone know the area personally?

http://m.zoopla.co.uk/for-sale/details/18964497

Um, so, I've had an offer accepted on this place. Suddenly thinking to myself: "What's the catch?".

The agent said that it's being sold as leasehold, then the freehold will be handed over to the three flats after that - they'll have to pay legal costs but there's no charge for the freehold.

So that's a concern.

Also the smell of damp.

Advice, anyone? Bit nervous.