Lifetime-lease option offers substantial upfront savings for eligible over-60s.
Second-floor flat with private balcony overlooking communal gardens
A bright two-bedroom second-floor flat with a private balcony overlooking well-kept communal gardens, garage en-bloc and no chain. The layout is practical with good built-in storage, a separate kitchen, and a living room that opens onto the balcony — useful for light gardening or morning sun.
This property is offered via a Home for Life Lifetime Lease for over-60s at a guide price of £182,000 (market price £275,000). The scheme typically reduces the upfront cost by around a third, with the exact price depending on age and circumstances. The lease is long (about 170 years remaining) and the owner is in the process of extending the lease, which will be renewed on completion.
Practicalities suit later-life buyers: double glazing, electric storage heating, fast broadband and excellent mobile signal. Service charges average £2,187 per year; prospective purchasers should factor these into ongoing costs. The building dates from the late 1960s/early 1970s and is typical of post-war construction — tidy and functional but not newly fitted.
This flat is best for a buyer seeking a low-hassle retirement base close to Sutton High Street, transport links and good local schools. It will appeal to those who value outside communal space and secure parking, and who understand the specifics of a Lifetime Lease arrangement and the associated service charge and maintenance responsibilities.
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