Summary - THE ALBANY, 67 - 69 FLAT 1 WOODCOTE ROAD WALLINGTON SM6 0PS
2 bed 1 bath Ground Flat
Lifetime Lease option lowers upfront cost for eligible over-60s.
Two-bedroom ground-floor apartment with garage en-bloc
Lifetime Lease guide price £185,500 for eligible over-60s (market £280,000)
Long lease: 969 years remaining
Average service charge approximately £3,000 per year
Ground rent around £120 per year
Requires cosmetic updating to kitchen, bathroom and some finishes
Convenient central Wallington location with fast broadband and transport links
Suitable for retirement living or buy-to-let investment
This ground-floor, two-bedroom apartment sits in a purpose-built block close to Wallington High Street, shops and transport links. The layout is traditional with a sizable living room, separate kitchen, two bedrooms and a garage en-bloc, offering practical, step-free living for over-60s or buyers seeking rental potential.
The property is being offered through a Lifetime Lease option for eligible over-60s, which typically reduces the purchase cost compared with full market value; the guide Lifetime Lease price shown is £185,500 against a full market price of £280,000. Lease length is long (969 years), but the home is sold leasehold with an average service charge of about £3,000 a year and a modest ground rent of £120.
The flat is of mid-20th-century construction with double glazing and gas central heating to radiators. Interiors are broadly sound but will benefit from cosmetic updating in places (floors, kitchen and bathroom) to suit modern tastes. The block offers an urban, 1970s modernist exterior and useful local amenities including good broadband and strong mobile signal.
Buyers should note the service charge level and that the Lifetime Lease saving varies by age and circumstances; the Lifetime Lease option is only available to those aged 60+. For buyers not using the Lifetime Lease route, the full market price applies. All buyers should verify leasehold details, service charge arrangements and any other costs with their solicitor.
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