1 bedroom retirement property for sale

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1 bedroom retirement property for sale

Heron Court, Morland Road, Ilford.
£65,000

Price History

Initial price £69,500
21/02/25 £65,000
Price Change -6.47%

Description

This property is a one-bedroom retirement apartment located on the third floor of Heron Court, a development with 48 properties and a 24-hour emergency call system. The property is available for purchase through the Home for Life Plan from Homewise, which allows those aged 60 or over to purchase a Lifetime Lease and a share of the property value to safeguard for the future. The cost of the Lifetime Lease is typically less than the full market value, with an average saving of 30% for those aged 60 or over. The market value of the property is £92,500, but the Home for Life Plan price is £65,000, representing a saving of £27,500. The plan allows customers to purchase up to 50% of the property value to safeguard for the future, and the price will vary depending on individual circumstances and requirements.