2-bedroom flat · SM7 1ET
For saleListed 84 days
Opportunity summary
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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 £198,500 based on an average saving of 33%.
Market Value Price: £300,000 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 £300,000, please contact the estate agent Cubitt & West.
Property DESCRIPTIONThis beautifully presented first-floor apartment is perfectly positioned in the heart of Nork, offering easy access to Banstead railway station, the ever-popular Banstead High Street and an array of local amenities.
Situated within a purpose-built development surrounded by attractive residential roads, this is a home that is ready to move straight into and enjoy from day one.
The current owner has clearly taken great pride in the property and has left no stone undeterred in creating a stylish and welcoming home.
Presented in excellent condition throughout, the apartment offers a fantastic opportunity for first-time buyers, downsizers or investors alike.
One of the stand out features is the abundance of storage.
In addition to two generous storage cupboards within the apartment, there is also loft access, providing valuable additional space rarely found in similar properties.
For those looking to downsize without compromising on storage, this apartment is an ideal solution.
The modern kitchen is separate from the living accommodation and offers ample cupboard and worktop space for keen cooks.
The spacious lounge is flooded with natural light thanks to its large windows, which frame a lovely leafy outlook and create a bright and relaxing environment.
There are two well-proportioned bedrooms, both offering comfortable accommodation, alongside a well-appointed family bathroom.
Outside, residents benefit from a large communal car park with ample parking available on a first-come, first-served basis.
Nork remains one of the area's most sought-after residential locations, known for its tree-lined roads, strong sense of community and charming parade of local shops, cafés and restaurants.
Banstead Village is also within comfortable walking distance, with a convenient pedestrian pathway between Hillside and Woodgavil providing easy access to the A217 crossing and onward into the High Street.
Combining excellent presentation, generous storage, a convenient location and a realistic asking price, this superb apartment represents an outstanding opportunity for anyone looking to purchase a home in this highly desirable area.
Room sizes: Entrance Hall Lounge/Diner 14'10 x 10'1 (4.52m x 3.08m) Kitchen 9'10 x 6'3 (3.00m x 1.91m) Bedroom 1 14'11 x 9'0 (4.55m x 2.75m) Bedroom 2 10'1 x 6'11 (3.08m x 2.11m) Bathroom Communal Gardens Allocated Parking 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.
If buying to rent, please check if Local Authority licensing schemes apply before proceeding. 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 service charge: £ 2663 Years remaining on lease: 987 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
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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