Hedgerows House, Morden SM4 2 bed flat for sale

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Hedgerows House, Morden SM4 2 bed flat for sale

Hedgerows House, Morden SM4
£214,500

Our Summary

  • Excellent investment opportunity

Description

This property is a well-presented third-floor flat located near Morden station, within a modern development. The flat has excellent-sized bedrooms and is suitable for a first-time buyer or investor. The property is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Lifetime Lease plan, which allows individuals aged 60 or over to secure a property with a lifetime lease and a share of the property value. The plan can save buyers between 20% to 50% of the full market value, and the cost of the lifetime lease is always less than the full market value. The property's market value is £325,000, but the lifetime lease price is £214,500, based on an average saving of 33%.