Over-60s lifetime-lease opportunity with renovation potential near Reigate town centre.
Spacious two-bedroom duplex maisonette, 648 sqft
Requires improvement and modernisation throughout
Homewise Lifetime Lease option for buyers aged 60+ (example price £198,500)
Full market value £300,000; purchase price varies by age and share
Leasehold with 103 years remaining; solicitor to verify
Garage en bloc and communal gardens; short walk to station
Service charge £484pa (below average); ground rent £150pa
Gas central heating and double glazing (pre-2002); cavity walls uninsulated
This spacious two-bedroom duplex maisonette sits in the popular Woodlands development, a short walk from Reigate town centre, Priory Park and the train station. The layout offers a large lounge with dining area, separate kitchen and two double bedrooms across the upper floor — comfortable living for retirees or downsizers wanting easy access to local amenities.
The property requires improvement and modernisation throughout — the living room shows dated 1980s fittings and general wear, and the kitchen and bathroom will benefit from updating. It has gas central heating, double glazing (installed before 2002) and a garage en bloc, but prospective buyers should budget for renovation works and possible insulation improvements to the cavity walls.
Tenure is leasehold with 103 years remaining; this listing is marketed with a Homewise Lifetime Lease option for buyers aged 60+, offering a reduced purchase price (example guide price £198,500) versus the full market value of £300,000. Service charge (£484pa) and ground rent (£150pa) are payable — costs are below average but should be checked by solicitors.
Chain-free and in a very low-crime, affluent area with fast broadband and excellent mobile signal, the flat suits retirees seeking a town-centre base, investors targeting refurbished rental stock, or downsizers who prefer a manageable home. Verify lease details, running costs and any necessary permissions before committing.
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