Memorial Heights, Ilford IG2 2 bed apartment for sale

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Memorial Heights, Ilford IG2 2 bed apartment for sale

Memorial Heights, Ilford IG2
£198,500

Our Summary

  • PROPERTY DESCRIPTIONCash buyers only
  • Cash buyers only

Description

This property, a 2nd floor apartment, is being offered as an example of a property that can be purchased using a Home For Life Lifetime Lease, a plan designed for those 60 and over. The plan allows buyers to secure the property with a lifetime lease, purchasing a share of the property value (up to 50%) to safeguard for the future. The cost to purchase the lifetime lease is typically less than the full market value, with an average saving of 33%. The property itself features a modern kitchen/diner and lounge, private balcony, additional en-suite shower room in the main bedroom, and access to allocated parking and visitors parking. The price of the lifetime lease is £198,500, based on an average saving of 33%, while the market value price is £300,000.