1 bedroom retirement property for sale

>

1 bedroom retirement property for sale

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.