3 bedroom flat for sale

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3 bedroom flat for sale

Padnall Road, Romford, Essex
£175,000

Price History

Initial price £175,500
30/04/25 £175,000
Price Change -0.28%

Description

This spacious first-floor flat is available for purchase through a Lifetime Lease with Homewise's Home for Life Plan, designed for those aged 60 and over. The plan allows buyers to purchase a share of the property value, saving between 20% to 50% of the market value, which is £265,000 in this case. The Lifetime Lease price for this property is £175,000, resulting in a saving of 33%. The property features a balcony, allocated parking, and convenient bus links to Newbury Park station. The rooms are spacious, with a total floor area of 1,012 sq ft. The property also includes a separate toilet, bathroom, and communal gardens. Homewise does not own the property and it is not exclusively for sale to over-60s, but it is being marketed as an example of a property that can be purchased using the Home for Life Lifetime Lease.