Over‑60s Lifetime Lease option in central Paignton — compact, low‑maintenance retirement flat..
- Lifetime Lease option for buyers aged 60+, potential 20–50% saving
- Guide Lifetime Lease price £117,250; full market value £175,000
- Compact one-bedroom apartment, approx 423 sq ft, traditional layout
- Modern kitchen, neutral finishes, communal landscaped gardens
- Community heating scheme; check service charges and running costs
- Area classified as very deprived; crime rate reported as very high
- Tenure details not confirmed; solicitor must verify lease information
This compact one-bedroom apartment in central Paignton is offered as an example property eligible for the Home for Life Lifetime Lease for purchasers aged 60 and over. The Homewise plan can reduce the upfront cost versus the full market value; a guide Lifetime Lease price is shown at £117,250 (market value £175,000) but the actual price depends on age and personal circumstances. The building presents modern brickwork, neat communal gardens and well-maintained communal areas.
Internally the flat is small (approximately 423 sq ft) with a modern kitchen, neutral finishes and standard ceiling heights. Heating is provided via a community scheme, and the property benefits from excellent mobile signal and fast broadband — useful for keeping in touch with family or managing services online. The layout is traditional and straightforward, appropriate for a single occupant or couple seeking an easy-to-manage retirement base.
Important practical points: the surrounding area is classified as very deprived with a very high crime statistic, which may affect insurance and personal comfort. Tenure details are not confirmed here and should be verified with a solicitor; buyers must confirm lease length, service charges and any communal maintenance obligations. The property is sold as suitable for retirement living rather than as a family home and will suit downsizers or those wanting a low-maintenance city/major town location.
If securing long-term financial protection is important, the Lifetime Lease option allows you to purchase up to a 50% share to safeguard equity for the future. Verify all measurements, service status and legal title before committing, and consider how the local area profile aligns with your lifestyle and safety preferences.