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2 bedroom flat for sale
Schoolgate Drive, Morden, Surrey
£225,000
Schoolgate Drive, Morden, Surrey
£225,000
Our Summary
- Excellent investment opportunity
Description
This property is a third-floor flat in a modern development, located near Morden station, which is available for purchase through the Home for Life Plan from Homewise. This plan allows individuals aged 60 or over to purchase a Lifetime Lease and a share of the property value, with the option to safeguard up to 50% of the property for the future. The cost of the Lifetime Lease is typically less than the full market value, with an average saving of 33%. The property itself offers excellent-sized bedrooms, a lounge area, kitchen, en-suite shower room, and bathroom, as well as allocated parking and communal gardens. The price of the Lifetime Lease for this property is £225,000, which is based on an average saving of 33% of the market value of £340,000.