Stanhope Road, Deal CT14 1 bed ground floor flat for sale

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Stanhope Road, Deal CT14 1 bed ground floor flat for sale

Stanhope Road, Deal, Kent
£126,000

Our Summary

  • There is potential to purchase this property and the maisonette above giving the opportunity to convert this to a large residence (sold subject to planning permissions) or the option to have two rental properties, an ideal investment
  • Potential to acquire the upper flat a great investment

Description

This property is a large ground floor apartment with spacious rooms and a secure courtyard garden, located just yards from the high street and minutes from the beach. The property can be purchased using a Home For Life Lifetime Lease, which allows individuals aged 60 or over to secure the property with a lifetime lease and a share of the property value, saving between 20% to 50% of the market value. The current guide price for the Lifetime Lease is £126,000, based on an average saving of 33%. The property also has potential to be converted into a large residence or two rental properties, subject to planning permissions.