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1 bedroom retirement property for sale
Wade Wright Court, Priory Road, Downham Market
£77,000
Wade Wright Court, Priory Road, Downham Market
£77,000
Price History
Initial price | £87,500 |
31/12/24 | £77,000 |
Price Change | -12.00% |
Description
This property is a one-bedroom retirement apartment located on the second floor of Wade Wright Court, a development of 71 properties arranged over three floors. The property is available for purchase through the Home for Life Plan, which allows individuals aged 60 or over to secure a Lifetime Lease and a share of the property value to safeguard for the future. The cost to purchase the Lifetime Lease is less than the full market value, with customers typically saving between 6% and 49%. The market value price of the property is £110,000, but the price to be paid will vary depending on the individual's age, personal circumstances, and requirements. The plan allows customers to purchase up to 50% of the property value to safeguard for the future.