Summary - 88A BASEMENT FLAT CLYDE ROAD CROYDON CR0 6SW
1 bed 1 bath Ground Flat
One-bedroom retirement flat with garden and Lifetime Lease savings potential.
Private entrance and small rear garden; easy step-free access
Bright open-plan kitchen/reception; generous double bedroom
Suitable for over-60s via Homewise Lifetime Lease example price £159,000
Full market price £240,000; actual Lifetime Lease saving varies by age
Leasehold with c.180 years remaining; service charge ~£1,554 pa
Victorian mid-terrace (pre-1900) with solid brick walls, likely uninsulated
Boiler and radiators on mains gas; double glazing (install date unknown)
Average area crime/deprivation; excellent mobile signal and fast broadband
This one-bedroom ground/basement flat on Clyde Road offers a practical, compact home for buyers aged 60+ seeking a lower-cost ownership option via the Home for Life Lifetime Lease. The living space is bright and open-plan with a generous double bedroom and private entrance, plus a small rear garden — simple, comfortable accommodation close to East Croydon station and local amenities.
The Homewise Lifetime Lease example price shown (£159,000) represents a sizable saving against the full market price (£240,000) for eligible buyers; actual cost depends on age and personal circumstances. Leasehold tenure has 180 years remaining and the property carries an average service charge of around £1,554 per year — factor this into running costs alongside council tax (described as cheap).
Practical considerations are clear: the building is a Victorian mid-terrace constructed before 1900 with solid brick walls (assumed no cavity insulation). Heating is mains gas with a boiler and radiators; double glazing is fitted but install dates are unknown. The flat’s age and construction mean there may be opportunities or needs for insulation and modernisation to improve comfort and running costs.
This property suits downsizers or retirees wanting good transport links, a manageable garden and a cost-reduced route to home ownership. It is leasehold and marketed with a Lifetime Lease option for over-60s; buyers under 60 could purchase at the full market price. All buyers should verify tenure, service charge details and any building consents via their solicitor.
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