Summary - ALBANY COURT, 24 22 POLSHAM PARK PAIGNTON TQ3 2BB
1 bed 1 bath Apartment
Affordable retirement apartment with flexible Lifetime Lease options for over‑60s.
1 bed, approx 564 sq ft; modern interior and large windows
Guide Lifetime Lease price £63,750; market price £95,000
Home for Life available to buyers aged 60+; up to 50% share purchase
Communal retirement setting with maintained grounds and garden access
Very high local crime rate; area classed as very deprived
Tenure/lease details not confirmed — solicitor verification essential
Excellent mobile signal and fast broadband; convenient local amenities
Suitable for downsizers but check personalised Lifetime Lease quote first
A bright one-bedroom apartment in Polsham Park, Paignton, presented as a retirement-suitable home with a Home for Life Lifetime Lease option for those aged 60+. The apartment occupies around 564 sq ft with a modern interior, large windows and access to communal grounds. Fast broadband and excellent mobile signal make staying connected easy; local shops and leisure amenities are within walking distance.
The Home for Life plan can reduce the upfront cost significantly — guide Lifetime Lease price shown at £63,750 (market price £95,000). Savings vary by age and circumstances and the plan allows purchase of up to a 50% share of the property value to preserve capital. This could suit downsizers seeking lower purchase costs while retaining a long-term interest in their home.
Important factual notes: tenure and lease details must be verified by your solicitor. Homewise markets the Lifetime Lease option but does not own the property; the price you pay will depend on personal factors and the percentage share you choose. The wider area is classified as very deprived with a very high local crime rate, which buyers should weigh against the lower purchase cost and communal retirement setting.
Overall this is a practical, low-maintenance retirement apartment with clear cost-saving potential for eligible buyers, but it requires careful checks on lease/tenure and consideration of local area issues before proceeding.
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