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1 bedroom ground floor flat for sale
Lake Drive, Peacehaven, East Sussex
£82,500
Lake Drive, Peacehaven, East Sussex
£82,500
Our Summary
- Bathroom and bedroom - in need of updating
Description
This property, a ground floor flat in Peacehaven, is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Lifetime Lease plan. The plan allows individuals aged 60 or over to purchase a share of the property value, up to 50%, to safeguard for the future. The cost to purchase the Lifetime Lease is always less than the full market value, with an average saving of 33%. The property itself has a market value of £125,000, but the Lifetime Lease price for someone aged 60 or over would be £82,500. The property is being sold with no onward chain and is suitable for first-time buyers and investors. It is located close to local schools, shops, and the beach, making it an attractive option for those looking to downsize or invest in a property.