One-bedroom ground-floor flat with Lifetime Lease option for buyers aged 60+, close to Redhill amenities.
Ground-floor one-bedroom flat with open-plan lounge/diner
Lifetime Lease example price £139,000 for over-60s (market £210,000)
Allocated off-street parking included
Leasehold with c.115 years remaining
Service charge about £1,056 per year
Electric room heaters; no central heating installed
Double glazing fitted pre-2002; potential energy improvements
Average-sized (c.496 sq ft); some internal updating likely required
Comfortable ground-floor living close to Redhill town centre, suited to a buyer aged 60+ who wants low-maintenance accommodation with easy access to shops and transport. The flat’s open-plan lounge/diner and generously sized double bedroom make day-to-day living straightforward, while allocated off-street parking adds convenience.
This property is being marketed with a Home for Life Lifetime Lease example for over-60s: guide price £139,000 (typical saving c.33% on the full market value of £210,000). The Lifetime Lease lets buyers purchase up to a 50% share and secure part of the property value; actual price depends on age and circumstances. If you do not wish to use the Lifetime Lease route, the full market price is shown.
Practical facts to note: the flat is leasehold (c.115 years remaining) with an average service charge of £1,056 and electric room heaters rather than central heating. Double glazing is installed but pre-2002 and the building dates from the late 1960s, so there is some potential for energy-efficiency improvement and internal updating.
Overall, this modest-sized one-bedroom ground-floor flat offers a straightforward, low-upkeep home or investment with clear retirement suitability. It will particularly appeal to downsizers or those seeking a Lifetime Lease saving, but purchasers should budget for typical refurbishment and ongoing service costs.