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60 Lenham Road, Sutton SM1 1 bed flat for sale
60 Lenham Road, Sutton SM1
£185,500
60 Lenham Road, Sutton SM1
£185,500
Our Summary
- Potential to convert into a 2 bedroom (subject to planning permission)
Description
This property is being offered as an example of a property that can be purchased using a Home For Life Lifetime Lease, a plan available through Homewise for individuals aged 60 or over. The plan allows buyers to secure a property with a lifetime lease, paying less than the full market value, with savings ranging from 20% to 50%. The property itself is a larger-than-average first-floor flat with large living spaces and a private garden, perfect for entertaining. The price of the lifetime lease for this property is £185,500, based on an average saving of 33%, which is less than the market value of £280,000. The plan allows buyers to purchase a share of the property value, up to 50%, to safeguard for the future.