2 bedroom ground floor flat for sale

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2 bedroom ground floor flat for sale

Friars Close, Ilford, Essex
£79,250

Price History

Initial price £86,250
01/02/25 £79,750
18/02/25 £79,250
Price Change -8.12%

Description

This property is a well-presented ground floor flat available for purchase through Homewise's Home for Life Plan, which allows individuals aged 60 or over to secure a Lifetime Lease and a share of the property value. The plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future, with the cost to purchase the Lifetime Lease being less than the full market value. For example, for this property, the Lifetime Lease price is £79,250, based on an average saving of 33%, compared to the market value of £120,000. The property features two bedrooms, a lounge/dining room, kitchen, and shower room, with off-street parking and communal gardens. The plan is designed to help individuals over 60 secure a property and safeguard their future, with the option to purchase a share of the property value to protect against future market fluctuations.