Summary - COMMODORE HOUSE FLAT 17 TIMBERLOG LANE BASILDON SS14 1NY
2 bed 1 bath Apartment
Lifetime Lease option for over‑60s with gated parking and easy upkeep.
- Two bedrooms with a large lounge and fitted kitchen
- First-floor flat with gated communal parking and shared gardens
- Long lease remaining (976 years); leasehold tenure
- Home for Life Lifetime Lease option for over‑60s (guide price £126,000)
- Full market price £190,000; Lifetime Lease saving varies by age
- Small overall size (~516 sq ft); compact rooms
- Electric storage heating; consider running costs and comfort
- Area shows high crime and significant deprivation; factor location risks
This first-floor, two-bedroom flat sits in a modern development close to shops and transport links, offering low-maintenance living with gated communal parking and shared gardens. The long lease (976 years) and modest ground rent make it straightforward to own, and the apartment’s generous lounge and fitted kitchen provide comfortable everyday space.
For buyers aged 60 and over there is a Home for Life Lifetime Lease option through Homewise. That illustrative guide price for the Lifetime Lease is £126,000 (market value £190,000) — actual cost varies with age, circumstances and any share you choose to buy (up to 50%). This plan can reduce the upfront cost substantially compared with full market purchase.
Practical drawbacks are clear: the flat is small (approximately 516 sq ft), heated by electric storage heaters and sits in an area with higher crime levels and marked socio-economic deprivation. Service charges average around £1,380 per year and ground rent is £25; prospective buyers should factor these ongoing costs in. The property is leasehold and interested buyers must verify all details with a solicitor.
This home will suit retirees or downsizers wanting low-maintenance accommodation and financial flexibility via the Lifetime Lease, or investors seeking a manageable unit in a modern block. Viewings are by appointment only during the open house — check the Homewise calculator or request a personalised quote to compare full purchase versus the Lifetime Lease option.
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