Summary - 21 VERDERERS ROAD CHIGWELL IG7 4LZ
1 bed 1 bath Ground Flat
Single‑level living with garden and lower upfront Lifetime Lease cost.
One-bedroom ground-floor flat with private rear garden
Sold via Homewise Lifetime Lease (over‑60s option available)
Guide Lifetime price £175,500; full market value £265,000
Leasehold: c.90 years remaining, service charge ≈ £1,320pa, ground rent ≈ £10pa
Built 1967–75; likely no cavity wall insulation, modernisation recommended
Gas boiler and radiators; double glazing present (install date unknown)
No onward chain—suitable for downsizers or investors
Area: urban mix, deprived local area metrics—check neighbourhood suitability
This ground-floor one-bedroom flat in Chigwell offers a practical, low-maintenance home with its own rear garden and no onward chain. The layout includes an open living room, fitted kitchen and a double bedroom — a straightforward home suited to downsizers or older buyers wanting single-level living.
The property is offered through a Home for Life Lifetime Lease (over-60s only option) at a guide price of £175,500; full market price is £265,000. The Lifetime Lease lets buyers purchase a share (up to 50%) at a reduced upfront cost — exact figures depend on age and circumstances and should be checked with the provider. Lease details: approximately 90 years remaining, leasehold tenure, service charge c. £1,320pa and ground rent c. £10pa.
Construction dates from the late 1960s/early 1970s with cavity walls assumed uninsulated and double glazing of unknown installation date. Heating is mains gas boiler and radiators. These factors mean buyers should expect basic post‑war finishes and potential improvement work (insulation, modernisation) to reduce running costs and improve comfort.
Location strengths include good transport links, local amenities and nearby schools rated Good; the flat sits in an urban area with average crime and excellent mobile and fast broadband speeds. Buyers must verify all measurements, tenure and appliance conditions; the sale information is provided for guidance only.
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