1 bedroom retirement property for sale

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1 bedroom retirement property for sale

Sovereign Court, Warham Road, Croydon
£70,000

Price History

Initial price £98,000
31/12/24 £70,000
Price Change -28.57%

Description

This property is a one-bedroom second-floor retirement apartment in Sovereign Court, a development of 39 properties for those aged 60 or over. The property is being marketed by Homewise, which offers a Home for Life Plan that allows buyers to purchase a Lifetime Lease and a share of the property value to safeguard for the future. The cost of the Lifetime Lease is always less than the full market value, with customers typically saving between 6% and 49%. The market value of this property is £100,000, but with the Home for Life Plan, the buyer would pay £70,000, a saving of 30%. The property features an entrance hall, lounge, kitchen, one bedroom, and bathroom, and is suitable for a couple. The buyer must be aged 60 or over, or one member of a couple must be over 60 and the other over 55.