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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
Price History
Initial price | £109,500 |
19/07/25 | £83,000 |
09/08/25 | £82,500 |
Price Change | -24.66% |
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 a Home For Life Lifetime Lease. The Lifetime Lease is a plan designed for those aged 60 or over, allowing them to secure the property with a share of the value, typically saving between 20% to 50% of the market value. The property itself is a 2-bedroom flat with a lounge, kitchen, and bathroom, located close to local schools, shops, and the beach. The price of the Lifetime Lease is £82,500, based on an average saving of 33%, which is less than the full market value of £125,000. This offer is not exclusive to the over-60s, and the property can be purchased at the full market value by those outside of this age group.