One-bedroom ground-floor retirement flat with private patio and Lifetime Lease option.
Ground-floor 1-bed apartment with private patio and open-plan living
Available via Homewise Home for Life Lifetime Lease for over-60s
Guide Lifetime Lease price example £87,000; full market £130,000
Long lease: 988 years remaining (leasehold detail to be verified)
Service charge approx. £1,700pa; ground rent £250pa
Heating: electric room heaters (no central heating)
Off-street parking; EPC rating C; council tax band B (cheap)
Local area: higher crime and signs of deprivation — consider location
A ground-floor one-bedroom apartment in King House tailored for over-60s through the Homewise Home for Life Lifetime Lease. The plan can reduce the purchase cost versus full market value (example guide price £87,000 vs market £130,000), with customers typically saving 20–50% depending on age and circumstances. This offers a way to buy a share (up to 50%) of the property to safeguard future equity.
The flat offers a contemporary open-plan living space, large windows and a private patio for outdoor sitting. Practical benefits include off-street parking, a long lease (988 years remaining) and an EPC rating of C. Council tax is low, and broadband and mobile signal are strong.
Important negatives are candidly stated: heating is by electric room heaters rather than a central system, service charge is c. £1,700 per year and ground rent £250 per year. The wider neighbourhood has higher crime statistics and indicators of local deprivation, which may concern some buyers. No onward chain simplifies moving but interested buyers should verify tenure and all details with a solicitor.
This property suits a downsizer or retiree looking for low-maintenance, single-level living and a way to reduce upfront cost via a Lifetime Lease. It is presented as a practical, modest retirement home rather than a luxury purchase; buyers should account for ongoing service charges and the electric heating when budgeting.
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