Lifetime Lease option can cut purchase cost for buyers aged 60 and over.
Two bedrooms and two bathrooms, approx. 775 sq ft
This bright two-bedroom apartment (approximately 775 sq ft) sits on the first floor of a modern mixed-use building completed in the mid-2000s. The living room benefits from French doors leading to a balcony and plenty of natural light; both bedrooms and two bathrooms give flexible accommodation suitable for downsizers or retirees. Double glazing is installed and the 135-year lease offers long-term security.
The property is being promoted with a Home for Life Lifetime Lease option for buyers aged 60 and over, which typically reduces the purchase cost versus full market value. Guide figures show a full market price of £190,000 and a representative Lifetime Lease price of £127,250 (a 33% illustrative saving); actual price depends on age, circumstances and the percentage of value you choose to safeguard.
Practical running costs and features: the building uses electric main fuel with room heaters as the primary heating, double glazing, and an average service charge of £2,333pa plus ground rent of £466pa. Council tax is Band B (£1,691pa). There is no flooding risk; mobile signal and broadband speeds are good.
A frank note on location and upkeep: the immediate area scores higher for deprivation and local crime levels than average, which may affect future resale or rental demand. The apartment offers good potential as a comfortable retirement home but will suit buyers who understand the service charges, electric heating costs and local area profile.
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