Compact two-bed retirement flat with gated parking and Home for Life lease savings.
Ground-floor two-bed apartment, single-level living
A compact, ground-floor two-bedroom apartment in Elizabeth House, offered with the Home for Life Lifetime Lease option for purchasers aged 60+. At around 531 sq ft, the flat provides a generous open-plan living room/diner, a separate kitchen and two bedrooms — suited to downsizers seeking low-maintenance, single-level living within a modern development built c.2003–2006. Residents benefit from well-kept communal grounds and allocated parking behind secure electric gates.
The Home for Life plan typically reduces the upfront cost (guide Lifetime Lease price here £66,250 versus market value £99,000), with the option to buy up to a 50% share to protect future value. Savings vary by age and personal circumstances; use the Homewise calculator or request a personalised quote for exact figures. The apartment has mains gas central heating, double glazing and fast broadband — practical features for comfortable retirement living.
Important practical points: the property is being sold by auction under the Modern Method of Auction. Winning bidders pay a non-refundable Reservation Fee of 4.5% (minimum £6,600) plus a Buyer Information Pack fee (£349 incl VAT). Tenure details are not confirmed in the listing; buyers must verify lease/tenure, service charges and any restrictions. The apartment is small in overall size and may suit a single occupant or couple rather than those needing extensive storage or wide living spaces.
This home will suit over-60s looking to downsize with a lower upfront cost option or investors seeking a city-centre, low-maintenance flat with secure parking. Factor the auction costs and verify all lease details and building/service arrangements before bidding.
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