60 Lenham Road, Sutton SM1 1 bed flat for sale

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60 Lenham Road, Sutton SM1 1 bed flat for sale

60 Lenham Road, Sutton SM1
£185,000

Our Summary

  • Potential to convert into a 2 bedroom (subject to planning permission)

Description

This property, a larger than average first floor flat, is being marketed by Homewise as an example of a property that can be purchased using a Home For Life Lifetime Lease. This plan, available to those aged 60 or over, allows individuals to secure the property with a lifetime lease and a share of the property value, saving between 20% to 50% of the full market value. The Lifetime Lease price for this property is £185,000, based on an average saving of 33%, with the full market value being £280,000. The property itself features large living spaces, a private garden, and is an ideal purchase for a first-time buyer or investor.