1 bedroom retirement property for sale

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1 bedroom retirement property for sale

Chestnut Court, Chester Road, Birmingham,
£52,500

Price History

Initial price £59,000
25/10/24 £59,500
22/11/24 £56,000
15/03/25 £52,500
Price Change -11.02%

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: This one-bedroom retirement apartment is located in a prime spot near local amenities and is available to purchase through Homewise's Home for Life Plan. The plan allows individuals aged 60 or over to purchase a Lifetime Lease and a share of the property value, with the cost being less than the full market value. The market value of this property is £75,000, but with the Home for Life Plan, the cost would be £52,500, representing a 30% saving. The property is part of a development of 60 apartments, each with an entrance hall, lounge, kitchen, one or two bedrooms, and bathroom, and is served by a lift. The development has a 24-hour emergency call system and a Development Manager on site. The property is available for purchase through Homewise, but can also be bought at the full market value through the estate agent Retirement Homesearch.