Manageable two-bed retirement flat with communal facilities and Lifetime Lease option.
Ground-floor retirement flat, suitable for over-55s
A ground-floor retirement apartment in Marlowe Lodge, arranged within a small, well-kept late-20th-century development designed for over-55s. The layout offers a sitting room, compact kitchen, two bedrooms and one bathroom across about 614 sq ft, with communal gardens, residents’ lounge, laundry room, lift, guest suite and some off-street parking.
This property is being offered with the option of a Home for Life Lifetime Lease (over-60s eligible) which typically reduces the up-front cost versus full market price. The advertised Lifetime Lease guide price is £73,000 (market value shown as £110,000); the actual price depends on age, personal circumstances and any share purchased (up to 50%).
Practical points to note: heating is by electric room heaters (no communal gas central heating) and broadband speeds are reported slow. Service charge and ground rent are significant — service charge £4,352 pa and ground rent £270 pa — and the lease has c.62 years remaining. The lease term may restrict mortgage options; some lenders could refuse to lend.
This flat will suit a buyer seeking a manageable, community-focused retirement setting with on-site support and communal facilities, and who is comfortable with refurbishment to modernise decor and the practical limitations (electric heating, short lease, above-average service charge).