Low-cost ownership option for over-60s seeking a low-maintenance home.
Over-60s eligible via Home for Life Lifetime Lease scheme
Guide Lifetime Lease price £78,400 (illustrative; market value £112,000)
Ground-floor one-bedroom with patio and communal garden access
Purpose-built retirement block with lift, lounge, laundry, CCTV
Electric storage heating; double glazing (check running costs)
Apartment size small — approx. 478 sq ft; suited to one or two people
Lease extension noted; tenure not confirmed — investigate lease and fees
On-street parking nearby; communal garden needs ongoing maintenance
This one-bedroom ground-floor apartment in Homelake House offers a low-maintenance retirement base close to Parkstone amenities. The flat opens from a reception hall into a lounge with patio doors leading to a small private patio and communal gardens — ideal for fresh air without extensive gardening.
Sold through the Home for Life Lifetime Lease scheme for over-60s, the guide price shown is £78,400 (illustrative saving from the full market value of £112,000). The plan lets purchasers buy up to a 50% safeguarded share and reduces the upfront cost compared with full market purchase; the exact price depends on age and personal circumstances.
The development is a purpose-built McCarthy & Stone retirement block with lift access, a residents’ lounge, laundry, 24/7 emergency call system and CCTV. The apartment is presented in clean, neutral condition and has double glazing and electric storage heating — practical but potentially costly to run compared with gas central heating.
Important practical points: the apartment is small (approx. 478 sq ft) and best suited to a single person or couple meeting the age criteria. The tenure detail is not confirmed and event/management fees and lease terms apply, so buyers should review service charges, the lease length and any ground rent or event fee obligations before committing.
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