Summary - 8 Saffron Court, Saffron Drive SS11 7BY
2 bed 1 bath Flat
Turn-key first-floor flat with strong rental yield and Lifetime Lease option for over-60s.
Two double bedrooms and open-plan living, approximately 689 sq ft
Currently let with tenants in situ — sold as a turn-key investment
Guide Lifetime Lease price £152,000 for over-60s (illustrative)
Market value £230,000; lifetime purchase depends on age/circumstances
Leasehold with 102 years remaining; service charge £872 pa
Electric room heaters only — no central gas heating
Generates just over 7% rental yield currently
Local crime level above average — check area suitability
This first-floor, two-double-bedroom apartment in Saffron Court offers a turn-key investment or a manageable retirement home close to Wickford town centre and station. At 689 sq ft the layout includes an open-plan lounge/kitchen/dining area, two doubles and a bathroom — compact, practical accommodation for downsizers or buy-to-let owners.
The property is being offered with tenants in situ and currently yields just over 7%, making it attractive to investors seeking immediate income. It is leasehold with 102 years remaining and a below-average service charge of £872 per year. Heating is electric with room heaters and the building is modern, built 2007–2011 with double glazing.
For eligible buyers aged 60+, the Home for Life (Lifetime Lease) option reduces the up-front cost: a guide Lifetime Lease price for this flat is £152,000 (illustrative saving ~33% against the £230,000 market price). The actual price and any safeguarded share (up to 50%) depend on individual age and circumstances — use the Homewise calculator or request a personalised quote to see specific savings.
Important facts: the flat is sold with tenants in place (no vacant possession), it is electric-heated (room heaters), and the location records above-average crime rates. Prospective purchasers should verify tenancy terms, income yield, lease details and service charge liabilities before committing.
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