Chain-free 70% shared-ownership ground-floor flat for over-55s, in need of updating..
Ground-floor retirement apartment with communal gardens and farmland aspect
70% shared ownership; restricted to buyers over 55
Short lease (~65–66 years) — many lenders may refuse mortgages
Requires renovation and kitchen modernisation throughout
Electric storage heating; double glazing predates 2002
Service charge ~£109.33 pcm (covers maintenance, gardening, insurance)
Chain free; independent warden-controlled development
Slow broadband and located in a relatively deprived area
This ground-floor, two-bedroom retirement apartment sits on the edge of Eastham Village with communal gardens backing onto farmland. Positioned in a small, warden-controlled development, the flat offers a private covered entrance, dual-aspect living room, rear patio and communal off-street parking — appealing for an over-55 buyer seeking a quiet, low-maintenance home.
The property is sold as a 70% shared ownership and is chain free, with a service charge covering external maintenance, gardening, building insurance and personal safety alarms. Heating is by electric storage heaters and the windows are double-glazed (installed before 2002). The layout is traditional and practical: lounge/diner, kitchen, two bedrooms and a shower room on one level, totalling about 593 sq ft.
Important matters you must note: the lease has around 65–66 years remaining and lenders may refuse mortgages on such a short lease; prospective buyers should check lending options and the cost/feasibility of extending the lease. The flat requires renovation and kitchen updating; electric heating and slow broadband may not suit everyone. Service charge and shared-ownership rules (including an over-55 age restriction) will affect buying costs and eligibility.
For downsizers or retirees able to purchase a 70% share and prepared to carry out updating, this apartment offers a quiet, community-focused setting with communal green space and convenient local amenities. Confirm lease details, lenders’ position and Riverside’s shared-ownership terms before committing.