Summary - Manager's Flat Knowle Lodge, Croydon Road CR3 6PE
1 bed 1 bath Ground Flat
Quiet development with communal facilities and resident parking.
- Ground-floor one-bedroom retirement flat, chain-free
- House manager, lift, communal lounge, laundry and guest room
- Off-street parking for residents and visitors
- Lifetime Lease example price £42,500; market value £60,000
- Lease circa 60 years remaining; some lenders may refuse mortgages
- Service charge approx £3,100/year; ground rent £225/year
- Electric room heaters—higher running costs; double glazing age unknown
- Area noted as higher crime despite affluent local indicators
A ground-floor, one-bedroom retirement flat in Knowle Lodge offering easy access and communal living for over-60s. The development includes a house manager, lift, residents’ lounge, laundry, guest accommodation and well-kept communal gardens — practical comforts for someone seeking low-maintenance living close to local shops and transport.
The property is offered through a Home for Life Lifetime Lease example: an indicative price of £42,500 (guide only), representing typical savings versus market value. The full market price is listed at £60,000; the exact Lifetime Lease cost depends on age and personal circumstances. The flat is chain-free and comes with off-street parking for residents and visitors.
Practical drawbacks are significant and stated plainly. The lease has around 60 years remaining; some mortgage lenders may refuse to lend on this term. Service charges average about £3,100 a year and ground rent is £225; heating is by electric room heaters and windows are double glazed with unknown install date, so updating or higher running costs are possible. The area records higher crime levels despite being in an otherwise affluent locality.
This apartment suits a buyer aged 60+ seeking an established retirement community with communal support and easy access. It also offers potential for modest cosmetic refurbishment to modernise the interior, but buyers must factor ongoing service charges, lease length and heating upgrade potential into affordability decisions.
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