5 Russell Hill, Purley CR8 2 bed apartment for sale

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5 Russell Hill, Purley CR8 2 bed apartment for sale

5 Russell Hill, Purley CR8
£297,500

Our Summary

  • Chain free - ideal first time buy or investment opportunity

Description

This property, a modern fourth-floor apartment with a large balcony, is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Lifetime Lease plan. The plan allows those aged 60 or over to secure the property with a lifetime lease and a share of the property value, potentially saving between 20% to 50% of the market value. The cost of the lifetime lease for this property is £297,500, based on an average saving of 33%, compared to the market value of £450,000. The property itself features two bedrooms, one with an en-suite shower room, a family bathroom, open-plan kitchen/lounge/diner, and plenty of storage. It is located in a walking distance to Purley station, shops, bars, cafes, and restaurants, making it an ideal first-time buy or investment opportunity.