Bright one-bedroom home near Redhill station, ideal for older buyers seeking lower upfront cost.
Ground-floor flat with front and rear access and allocated off-street parking
A comfortable one-bedroom ground-floor flat in a small modern conversion, offered with no onward chain and an allocated off-street parking space. The apartment feels bright thanks to a large bay window in the living/dining room and has a well-arranged modern fitted kitchen overlooking the rear. Practical storage is provided in the double bedroom with fitted wardrobes.
This property is marketed with a Homewise Lifetime Lease example price for buyers aged 60+, typically saving around a third compared with the full market value. Eligible purchasers can buy a Lifetime Lease and secure up to 50% of the property value to protect future housing needs — the advertised Lifetime Lease guide price here is £132,500 versus the full market price of £200,000. The sale is leasehold with approximately 90 years remaining.
Buyers should note some running costs and constraints: the service charge averages £1,403 per year, ground rent is £200, and the property is heated by electric storage heaters. The local area records higher-than-average crime levels, which may influence buyer choice despite the building’s well-kept communal areas and convenient location near Redhill town centre and station.
Overall this is a straightforward, low-stair retirement or downsizing option close to shops and transport. It will suit someone seeking a manageable, ready-to-live-in home with the financial flexibility the Lifetime Lease can offer, provided they are comfortable with leasehold arrangements and the noted service charges and heating type.