2 bedroom ground floor flat for sale

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2 bedroom ground floor flat for sale

St. Mildred's Road, Ramsgate, Kent
£86,250

Our Summary

  • While the apartment is in need of some modernisation, it provides the perfect blank canvas to create a stylish and comfortable home
  • A lease extension of 90 additional years has been quoted at an additional £24,300, offering the potential to significantly increase the property's long term value

Description

This property is a ground floor apartment located on St Mildreds Road, available for purchase through the Home for Life Plan from Homewise. The plan allows individuals aged 60 or over to secure the property with a Lifetime Lease, which can be purchased at a discounted price compared to the full market value. The apartment features a private entrance, living area, and courtyard garden, and is in need of modernization. The current lease term is 55 years, with the option to extend it by 90 years for an additional £24,300. The property is being marketed as an example of a property that can be purchased using the Home for Life Lifetime Lease, and is not exclusively for sale to the over-60s.