Summary - Castle Road, Chatham, Kent ME4 5HX
2 bed 1 bath Terraced
Over‑60s Lifetime Lease on a small Victorian terrace with renovation potential..
- Lifetime Lease option for over‑60s; guide price £119,500 (typical 33% saving)
- Full market price £180,000; non‑eligible buyers can buy at full price
- Mid‑terrace Victorian, freehold, built before 1900, small footprint (610 sqft)
- Requires full modernisation; damp signs and likely insulating work needed
- Compact rear garden with potential to improve and add value
- High local crime and very deprived area may affect resale prospects
- Chain free; no flood risk; council tax described as cheap
- Excellent mobile signal and fast broadband, mains gas heating present
This mid-terrace Victorian house on Castle Road is being offered with a Home for Life Lifetime Lease option for buyers aged 60 and over. The Lifetime Lease guide price shown is £119,500 (typical saving around 33% versus the full market price of £180,000), with the actual price dependent on age and personal circumstances. The plan allows purchase of up to a 50% share to protect some capital for the future; non-eligible buyers can buy at full market value.
The property is chain free and presents a clear renovation project: small rooms across two storeys, original solid brick walls (likely uninsulated), signs of damp in places and generally needing modernisation throughout. Accommodation includes two bedrooms, a small lounge, dining room, kitchen and bathroom, and a compact rear garden that offers scope to improve outdoor space and add value. Heating is mains gas with a boiler and radiators; glazing is double glazed though installation date is unknown.
Practical positives include freehold tenure, no flood risk, excellent mobile signal and fast broadband — useful for staying connected. The area has many local amenities and good-rated schools nearby, but note the neighbourhood has high crime statistics and is in a very deprived area, which will affect resale and rental appeal. This is best suited to an over‑60 buyer seeking an affordable, long-term home with renovation potential, or an investor prepared to carry out works and accept local-area challenges.
Viewings are by appointment; interested over‑60s should request a personalised Homewise quote or use the online calculator to estimate the Lifetime Lease price for their circumstances. All measurements and services must be independently verified; the property is sold as needing modernisation and with visible damp that will require investigation and repair.
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