Lifetime Lease example price for over-60s offers significant savings.
Ground-floor one-bedroom with open-plan kitchen/living space
Comfortable ground-floor living tailored for over-60s, this one-bedroom flat combines generous room sizes with practical convenience. The open-plan kitchen/living space and sizable bedroom create an airy, easily managed home, while a modern bathroom and allocated off-street parking add everyday comfort.
This property is being marketed with a Home for Life lifetime lease example price of £165,000 for eligible purchasers aged 60+, against a market value of £250,000. Typical savings for a Lifetime Lease range from 20%–50% depending on age and circumstance; customers can buy up to a 50% share to safeguard more capital. Exact price depends on personal circumstances and must be confirmed with Homewise or via their online calculator.
Practical points to note: the flat is share of freehold with a very long lease (968 years) and an average service charge of £1,908 per year. The building dates from the 1930s and cavity walls are assumed uninsulated; double glazing is fitted but installation date is unknown. The area has excellent transport links and local amenities, but recorded crime is above average, so buyers should factor neighbourhood safety into their decision.
Overall this is a straightforward, low-maintenance retirement option for those seeking good transport connections to Central London, modest running costs, and the potential financial flexibility offered by a Lifetime Lease. All measurements, tenure details and saving estimates should be independently verified by solicitors and Homewise before commitment.