Compact one-bed retirement flat in town centre — needs updating, short lease.
First-floor retirement flat with lift access
A compact first-floor retirement flat in the town centre, offered at an attractive price for a quick sale. The apartment provides a pleasant sitting room, one bedroom and a fully tiled bathroom alongside a small kitchenette. Communal facilities include a residents' lounge, laundry room, house manager and a lift serving all floors.
Practical features include sealed-unit double glazing and Economy 7 night-store heating; both help retain warmth but the heating system is dated and may be expensive to run. The building is well-located for shops, healthcare and the railway station, making daily errands straightforward for downsizers who want town-centre convenience.
Important to note: the lease has approximately 59 years remaining. This is likely to restrict mortgage options and could deter some lenders. The flat itself needs updating throughout — cosmetic refurbishment and possible electrical/heating upgrades will be required.
Offered at £50,000, the property suits a cash buyer, a downsizer seeking an inexpensive town-base, or an investor able to buy without standard mortgage finance and factor in refurbishment costs. Its low council tax and central location are genuine strengths, but buyers must accept immediate renovation and lease-length limitations.
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