1 bedroom retirement property for sale

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1 bedroom retirement property for sale

Risbygate Street, Bury St. Edmunds, Suffolk, IP33
£63,000

Price History

Initial price £84,000
18/10/24 £63,000
Price Change -25.00%

Description

This property is a one-bedroom retirement apartment located on the first floor of Lacy Court, a development comprising 39 properties and one house manager apartment. The apartment features an entrance hall, living room, kitchen, one or two bedrooms, and bathroom. The property is marketed by Homewise, which offers a "Home for Life" plan, allowing those aged 60 or over to purchase a Lifetime Lease and a share of the property value to safeguard for the future. The cost to purchase the Lifetime Lease is always less than the full market value, with customers typically saving between 6% to 49%. The guide price for this property is £63,000, based on an average saving of 30%, compared to the market value price of £90,000.