1 bedroom retirement property for sale

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1 bedroom retirement property for sale

Penn Road, Wolverhampton, West Midlands, WV4
£59,500

Price History

Initial price £70,000
13/11/24 £65,000
15/03/25 £63,000
15/05/25 £59,500
Price Change -15.00%

Description

This property, located in a development with 40 age-restricted homes, is available for purchase through the Home for Life Plan from Homewise. The plan allows individuals aged 60 or over to purchase a Lifetime Lease and a share of the property value, with the cost being less than the full market value. For this property, the Lifetime Lease price is £59,500, which is a 30% discount on the market value of £85,000. The plan allows customers to purchase up to 50% of the property value to safeguard for the future, and the price will vary depending on individual circumstances. The property itself is a one-bedroom apartment with an entrance hall, lounge, kitchen, and bathroom, and is located near local shops and bus routes.