Low-maintenance one-bed with communal garden and parking for over-60s.
Ground-floor one-bedroom, ideal for downsizing
A compact, ground-floor one-bedroom apartment set in a quiet private development in Ashtead. The layout offers an open-plan living/kitchen with a large bay window, one double bedroom with fitted wardrobes, a contemporary bathroom and allocated parking with communal gardens — low-maintenance living suited to someone looking to downsize.
This property is being offered through Homewise’s Home for Life Lifetime Lease example for over-60s: a Lifetim e Lease price guide of £185,500 (typical saving ~33% from the £280,000 market value). The plan can allow purchase of up to 50% of the property value to safeguard an equity share; actual price depends on age and circumstances. If you are over 60 this can substantially reduce upfront cost and provide long-term security; non-eligible buyers may purchase at full market price.
Notable practical details: the flat is small (about 383 sq ft) but energy-efficient, built 2007–2011 with double glazing and a gas boiler with radiators. Service charges apply (approx. £2,904 pa / £242.70 pcm) and there is a rental element quoted for part-shares (example: 40% share = £112,000 with rent approx. £458.26 pcm). Ground-floor access, off-street parking and communal garden add convenience.
Material issues to be aware of: the lease has 85 years remaining — shorter leases can complicate mortgage availability and resale value and will need renewing in due course. Shared-ownership arrangements include monthly rent and service charges which affect overall affordability. The apartment’s small size suits single occupants or couples comfortable with reduced living space.
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