Cunningham House, Rochester ME1 1 bed flat for sale

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Cunningham House, Rochester ME1 1 bed flat for sale

St. Margaret's Street, Rochester, Kent
£66,500

Our Summary

  • PROPERTY DESCRIPTIONIdeal for investors to add to their portfolio or for buyers to create their own home, this first floor purpose-built flat is in need of renovation and it suitable for cash buyers only
  • Cash Buyers only
  • First floor purpose built flat in need of renovation
  • Ideal investment opportunity

Description

This property is being marketed by Homewise as an example of a property that can be purchased using a Home For Life Lifetime Lease, a plan designed for those aged 60 or over. The Lifetime Lease price for this property is £66,500, which is less than the full market value of £100,000, representing a potential saving of 33%. The plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future. The property itself is a first-floor flat in need of renovation, suitable for cash buyers only, and is located in a sought-after area close to the historic High Street and high-speed station.