2-bedroom flat · ME4 3TB
For saleListed 165 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Securing this property with A lifetime leaseover 60s can secure this property with a home for life from homewise Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future.
The cost to purchase the Lifetime Lease is always less than the full market value. Over 60s customers typically save between from 20% to 50%*.
Home for Life Plan guide price for overs 60s: The Lifetime Lease price for this property is £175,500 based on an average saving of 33%.
Market Value Price: £265,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.
The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.
For an indication of what you could save, please use our calculator on the homewise website. Please call for more information or a personalised quote.
Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not over 60 or would like to purchase the property at the full market value of £265,000, please contact the estate agent Wards.
Property DESCRIPTIONIntroducing this superbly positioned ground floor apartment, offering bright and comfortable living with the added benefit of two private balconies, one accessed from the lounge and the other from the main bedroom along with lovely river views.
The property also comes with two allocated parking spaces, access to a bike shed, and is located on the popular St Mary's Island, ideal for local amenities, riverfront walks and convenient commuter links.
Ideal purchase for a first time buyer wanting to get on the ladder or someone looking to downsize and have a slower pace of life. Please call to view!
Room sizes: Entrance Hall Bathroom 6'9 x 6'4 (2.06m x 1.93m) Kitchen/Living Area 21'7 x 14'6 (6.58m x 4.42m) Balcony Bedroom 2 11'7 x 10'9 (3.53m x 3.28m) Bedroom 1 11'8 x 9'2 (3.56m x 2.80m) Balcony En Suite Shower Room Allocated Parking for 2 Cars The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
Legal advice should be taken to verify fixtures/fittings, planning, alterations and/or lease details.
Appliances & services are untested, dimensions are approximate and floor plans are not to scale. We are pleased to offer our customers a range of additional services to help them with moving home.
None of these services are obligatory and you are free to use service providers of your choice.
Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services.
If you choose to use a service provider recommended by Homewise, details of all referral fees can be found at the link below.
If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
Council Tax band: C Tenure: Leasehold Annual ground rent: £ 250 Ground rent review period: 1000 years Annual service charge: £ 2800 Years remaining on lease: 232 Suitable as a retirement home.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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See projected short-stay revenue vs a vanilla BTL for this property.
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About Little Victory Mount St. Mary's Island, Chatham
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