4-bedroom detached house · CO12 5FQ
Listing removedListed 216 days
Opportunity summary
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About
OVER 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 £284,750 based on an average saving of 33%.
Market Value Price: £425,000 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 £425,000, please contact the estate agent Lamb & Co.
PROPERTY DESCRIPTION Welcome to the final phase of 'Paddocks Lane' an exclusive collection of detached four and five bedroom houses on the outskirts of the village of Ramsey.
The houses are now build complete and ready to move in. The Eriksay is a four bedroom detached house offering 1,503 Sq Ft of accommodation plus garage and driveway with an Energy Rating of 'A'.
(Plot 12) Paragraph - Accommodation comprises with approximate room sizes as follows: Entrance door to: Specification - - Solar Panels - EV Charger - Flooring & Turf Included - Chrome heated towel rail - Contemporary style kitchens with soft close doors and drawers - Integrated Fridge/Freezer, Oven/Hob & Dishwasher Entrance Hall - Kitchen/Dining - 6.22m x 5.11m (20'5" x 16'9" ) - Utility - 3.43m x 1.68m (11'3" x 5'6" ) - Lounge - 4.34m x 3.73m (14'3" x 12'3" ) - W/C - 1.52m x 0.91m (5'0" x 3'0" ) - Landing - Bedroom One - 5.18m x 3.10m (17'0" x 10'2" ) - Ensuite - 2.21m x 1.98m (7'3" x 6'6" ) - Bedroom Two - 4.04m x 2.21m (13'3" x 7'3" ) - Bedroom Three - 3.81m x 3.56m (12'6" x 11'8" ) - Bedroom Four - 3.81m x 2.67m (12'6" x 8'9" ) - Bathroom - 2.39m x 1.88m (7'10" x 6'2" ) - Garden - Front Aspect - Rear Aspect - Reservation Process - Reservation fee of ?1,000 payable upon acceptance of offer.
This will be deducted from the purchase price on completion. Buyers are expected to exchange within 12 weeks of reservation.
Should you withdraw from the purchase, the developer reserves the right to deduct reasonable administrative costs from the reservation fee with the balance being returned to you.
Additional Info - Council Tax Band: E Heating: Gas- Underfloor to Ground Floor, Radiator to First Floor Services: Mains Broadband: Ultrafast Fibre Mobile Coverage: EE, Three, Vodaphone-Limited, O2-Likely Construction: Restrictions: Rights & Easements: Flood Risk: Rivers & Sea-Very Low, Surface Water-Very Low Additional Charges: Annual Service Charge- ?242.91 Seller's Position: No Onward Chain Garden Facing: South Agents Note Sales - PLEASE NOTE - Although we have not tested any of the Gas/Electrical Fixtures & Fittings, we understand them to be in good working order, however it is up to any interested party to satisfy themselves of their condition before entering into any Legal Contract.
Aml - ANTI-MONEY LAUNDERING REGULATIONS 2017 - In order to comply with regulations, prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property.
The information provided about this property does not constitute or form part of an offer or contract, nor may be 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. Suitable as a retirement home.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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.
Area
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FAQ
About The Eriksay, Paddocks Lane, Ramsey
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