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, a ground-floor apartment located on St Mildreds Road, is available for purchase through a Lifetime Lease with Homewise's Home for Life Plan. The plan allows individuals aged 60 or over to purchase a share of the property's value, with prices starting at £86,250, representing a saving of 33% compared to the full market value of £130,000. The property features a private entrance, living area, and low-maintenance courtyard garden, with parking available to the rear of the building. The current lease term is 55 years, with the option to extend for an additional 90 years for an additional £24,300. The property is in need of modernization, providing a blank canvas for the buyer to create a stylish and comfortable home.