Summary - 1, FERRIS HOUSE, MARDEN AVENUE SN1 7DU
2 bed 2 bath Flat
Two-bedroom ground-floor apartment with ensuite to master
Open-plan kitchen/living room with modern fittings
Suitable for buyers 60+ via Homewise Lifetime Lease option
Guide Lifetime Lease price £140,750; full market value £210,000
Service charge approximately £1,360 per year; no ground rent
Shared-ownership/Lifetime Lease arrangement — verify tenure and eligibility
Lease term long at 994 years remaining
Not suitable if under-60 for Homewise pricing; actual price varies
A bright, ground-floor two-bedroom apartment in Ferris House offering modern open-plan living and a practical layout ideal for downsizers. The generous master bedroom includes an ensuite, and the home benefits from ample storage and contemporary finishes throughout. With easy access to the M4/A419 and local shops including Waitrose, it suits those wanting convenience and low-maintenance living.
This property is promoted with Homewise’s Home for Life Lifetime Lease option for buyers aged 60+, which typically reduces the upfront cost versus full market price. The Homewise guide price here is £140,750 (illustrative; actual price varies by age and circumstances). The full market price is £210,000 and the plan allows purchasing up to a 50% share of the property value to safeguard future equity.
Practical points to note: the apartment is sold via a shared-ownership/Lifetime Lease arrangement in this listing, with a service charge of £1,360 pa and no ground rent. The lease has 994 years remaining. Buyers should verify tenure details, costs, and eligibility for the Homewise plan before proceeding.
Overall, this is a well-presented, low-maintenance retirement-friendly apartment offering good commuter links and local amenities. It will especially appeal to over-60s seeking reduced upfront purchase costs with the option to secure part of the property value for the future.
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