Low-maintenance over-55s bungalow; price reflects lease-extension need.
70% shared ownership — price reflects 70% equity share
Quiet, single-storey living in a newly decorated 2-bedroom bungalow tailored for over-55s. The home has fresh carpets, replacement double-glazed windows, a combi boiler and gas central heating — ready to move into without immediate works. A low-maintenance paved rear garden, adjacent parking space and nearby communal car park add practical convenience.
The property is offered as a 70% shared ownership and is priced to reflect the need for a lease extension; 62 years remain on the lease. Prospective buyers should be aware some mortgage lenders may refuse to lend on this lease length, and an extension will be a material cost to consider. Service charge is £840 pa (below average) and a monitoring service with on-call assistance is available for extra peace of mind.
This bungalow is small at about 603 sq ft and sits within an urban, self-sufficient retirement area with fast broadband and excellent mobile signal. Local amenities are close by (shops, doctors, community centre and buses) but the wider area shows high crime and deprivation statistics — factor local safety and support services into your decision. EPC rating C.
Overall this is a practical, low-maintenance retirement home for a buyer able to manage a shared-ownership purchase and the implications of a shorter lease. The price has been reduced to help a new owner with the likely cost of a lease extension.
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