Affordable lifetime-lease option for over-60s with garage and balcony.
Chain-free first-floor two-bedroom flat with private balcony
Home for Life example price £185,500 for over-60s (market £280,000)
Garage en-bloc included; communal gardens overlook from balcony
Leasehold with 88 years remaining; service charge approx £1,748/year
Electric warm-air heating (Electricaire) — may be costly to run
Cavity walls assumed uninsulated; some thermal upgrades likely needed
636 sq ft (approx) — average-sized retirement accommodation
No flood risk; fast broadband and excellent mobile signal
A light, chain-free first-floor flat in South Sutton, arranged as two double bedrooms, a generous lounge and a separate kitchen. The private balcony overlooks well-kept communal gardens and the property includes a garage en-bloc — useful storage or parking in a popular area.
This is being offered with a Home for Life Lifetime Lease example price of £185,500 for qualifying purchasers aged 60+ (market price shown £280,000). The plan can reduce the upfront cost by a significant percentage depending on age and circumstances — use the Homewise calculator or request a personalised quote to see individual savings. Leasehold details: 88 years remaining and an average service charge of £1,748 per year.
Practical points to note: heating is electric warm-air (Electricaire), which can be more expensive than gas; cavity walls are assumed uninsulated; glazing is double but install date is unknown. The flat is average-sized at about 636 sq ft and the building dates from the 1950s–1960s, so some updating may be desirable. There is no flood risk and broadband and mobile signal are strong.
For an over-60 buyer seeking low-mobility steps and communal outdoor space, this offers a straightforward, low-hassle retirement option in a well-connected Sutton neighbourhood. Investors should note the leasehold tenure and annual service charge when modelling returns.
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