Summary - Oak Bank, New Addington, Croydon, Surrey CR0 9EB
3 bed 1 bath Terraced
Lifetime lease saving example for over-60s seeking renovation potential and convenience.
Freehold three-bedroom terraced home with large living room and conservatory
Home for Life Lifetime Lease example price £215,000 for eligible over-60s
Full market value £325,000; actual price varies by age and circumstances
Requires updating throughout; ideal for renovation and personalisation
System-built walls likely without added insulation; consider energy upgrades
Overgrown rear garden and modest kerb appeal needing maintenance
Single bathroom only; room sizes are compact to medium throughout
Very low local crime, fast broadband and excellent mobile signal
This mid-20th-century terraced home on Oak Bank offers a practical, spacious layout tailored for comfortable retirement living. A large living/dining room and an attached conservatory create bright entertaining space, while three bedrooms give flexibility for guests or a home office. The property is offered under Homewise's Home for Life Lifetime Lease example: a guide price of £215,000 (typical saving around 33% versus full market value £325,000) for eligible buyers aged over 60. Actual price depends on age and personal circumstances; use the Homewise calculator or request a personalised quote to confirm your saving.
The house has genuine scope to personalise and add value but requires updating throughout. Constructed in the late 1960s/early 1970s with system-built cavity walls (assumed no added insulation), it will benefit from renovation work to modernise the kitchen, bathroom and finishes. The rear garden is currently overgrown and needs attention; buyers should also note double glazing with unknown installation date and that the electrics, insulation and other services have not been confirmed.
Practical strengths include freehold tenure, mains gas central heating, ample storage, very low local crime, fast broadband and excellent mobile signal — useful for staying connected. The location suits downsizers and retirees who want local shops, buses and nearby primary and secondary schools, with good transport links into Croydon. Interested parties should verify all technical and legal details with their solicitor and surveyor.
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