Lifetime Lease option for buyers aged 60 and over seeking low-maintenance living.
Third-floor two-bedroom apartment, 540 sq ft, open-plan living
A light-filled two-bedroom third-floor apartment in a modern development, offered with a Home for Life Lifetime Lease option for buyers aged 60+. The compact 540 sq ft layout combines an open-plan living area and integrated kitchen with two well-lit bedrooms, ready to move into for those seeking low-maintenance living close to local shops and transport links.
The Lifetime Lease can significantly reduce the upfront cost for eligible purchasers, with the guide Lifetime Lease price shown at £100,500 (market value £150,000). The plan allows buyers to purchase up to a 50% share to safeguard value for the future. This is aimed at older buyers wanting to lower capital outlay while retaining home eligibility and security.
Notable practical points: the lease has around 80 years remaining, which may restrict mortgage options or cause lenders to refuse lending; purchasers should obtain specialist mortgage advice. The service charge is approximately £1,000 per year and the property is in an area with above-average crime—both factors to consider for ongoing costs and security.
Overall, this is a straightforward, low‑upkeep apartment suited to those aged 60+ looking to downsize with a Lifetime Lease, or cash buyers and investors who understand the lease length and running costs.
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