Lifetime Lease reduces upfront cost for eligible older buyers.
- Ground-floor one-bedroom flat, approx. 506 sq ft
- Home for Life Lifetime Lease option for buyers aged 60+
- Guide Lifetime Lease price £114,000; market value £170,000
- Private entrance and access to well-kept communal garden
- Electric storage heaters; heating may be costly to run
- Cavity walls as built with no insulation assumed
- Double glazing installed before 2002; may need replacement
- Exterior of block needs maintenance; verify service charges
This one-bedroom ground-floor flat sits in a mid-20th-century block in a quiet Wickford suburb and offers straightforward, single-level living with private access and a generous communal garden. The Home for Life Lifetime Lease from Homewise can significantly reduce the upfront cost for buyers aged 60 and over — guide Lifetime Lease price £114,000 (market value shown at £170,000). The flat’s compact layout (approx. 506 sq ft) is practical for downsizers seeking low-maintenance, ground-floor accommodation.
The home has double glazing (fitted before 2002) and electric storage heating; the building is traditionally constructed with uninsulated cavity walls, so expect higher running costs than modern insulated homes. The exterior of the block requires some upkeep, and the communal areas and building envelope may need attention — buyers should budget for possible works and check maintenance arrangements. Leasehold/tenure details are not confirmed and must be verified by a solicitor.
Location strengths include a peaceful residential setting with well-kept outdoor space, fast broadband and excellent mobile signal, low local crime, and easy access to Wickford’s amenities and mainline station. This property suits over-60s looking to reduce capital outlay while retaining a home for life, and investors seeking an affordable retirement-focused flat — but both should factor in refurbishment, heating type, and lease specifics before committing.