1 bedroom ground floor flat for sale

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1 bedroom ground floor flat for sale

New Road, Rochester, Kent
£76,500

Price History

Initial price £103,000
25/09/25 £79,750
07/10/25 £76,500
Price Change -25.73%

Description

This property, a ground floor flat with gated parking, 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 available to those aged 60 or over, who can secure the property with a lease and a share of the property value to safeguard for the future. The cost of the lease is typically less than the full market value, with customers saving between 20% to 50% of the market price. The market value of this property is £115,000, but the Lifetime Lease price is £76,500, based on an average saving of 33%. The plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future.