1 bedroom flat for sale

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1 bedroom flat for sale

West Street, Gravesend, Kent
£109,500

Our Summary

  • An excellent investment opportunity

Description

This property is being offered as an example of a property that can be purchased using a Home For Life Lifetime Lease, a program designed for individuals aged 60 or over. The Lifetime Lease allows homeowners to secure the property with a lifetime lease and a share of the property value, typically saving between 20% to 50% of the market value. The market value of this property is £165,000, but the Lifetime Lease price for someone aged 60 or over would be £109,500, representing a 33% saving. The property itself is a flat with a Juliette balcony, kitchen, bathroom, and bedroom, as well as an allocated parking space and communal garden. It's located near the river and train station, making it a commuter's dream.