Summary - Clarendon Road, Southsea, Hampshire PO4 0TA
1 bed 1 bath Ground Flat
Over‑60s Lifetime Lease option for a compact Victorian flat near the seafront..
Guide Lifetime Lease price £105,500 (typical saving versus £160,000 market value)
A compact one-bedroom ground-floor flat in Southsea, offered through Homewise’s Home for Life Lifetime Lease for over-60s. The Lifetime Lease guide price is £105,500 (typical saving ~33% on the £160,000 market value); actual price varies by age and circumstances and allows purchasing up to 50% share to safeguard future value. This option suits buyers wanting lower upfront cost while retaining security for later years.
The flat has its own private entrance, a modern kitchen, and a low-maintenance gated patio shared with just one other flat. High ceilings and Victorian bay windows on the building give period character, and the location is strong — a short walk to the seafront, local amenities, and public transport. Broadband speeds are fast and mobile signal is excellent.
Be clear about material considerations: the property is small (approx. 302 sq ft) and in a part of town with higher crime statistics. Flood risk in this area is listed as high. It is leasehold (100 years remaining) with average service charges around £1,300 pa and ground rent about £230 pa. Walls are solid brick with assumed no insulation — heating is gas boiler and radiators; double glazing is present but install dates are unknown.
This is best for an older buyer seeking an affordable, central coastal base or a low-upkeep retirement home who accepts a compact layout and the Homewise Lifetime Lease structure. Verify all tenure, flood-insurance and safety queries with your solicitor and insurers before proceeding.
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