Mandrel House, Kenley CR8 2 bed flat for sale

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Mandrel House, Kenley CR8 2 bed flat for sale

Old Barn Lane, Kenley, Surrey
£116,000

Our Summary

  • Great first time buy or investment opportunity

Description

This property is a first-floor apartment in a modern block, available for purchase through Homewise's Home for Life Plan. The plan allows individuals aged 60 or over to secure the property with a Lifetime Lease, which can save them up to 50% of the market value. The property's market value is £175,000, but with the Home for Life Plan, the Lifetime Lease price is £116,000, representing a saving of 33%. The property features large windows, allocated parking, and is within walking distance to three train stations. It is being marketed as a great first-time buy or investment opportunity, with a 50% share available at £175,000. The property has a 119-year lease and service charges of £135 per month, with a rental income of £674 per month on the 50% share.