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1 bedroom ground floor flat for sale
Essex Road, Bognor Regis, West Sussex
£79,250
Essex Road, Bognor Regis, West Sussex
£79,250
Our Summary
- This property is for sale by the Modern Method of Auction
- For sale by Modern Auction - T & C's apply
- Ideal first time buy/buy to let investment opportunity
Description
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Here is a summary of the property description in a single paragraph:
This ground floor flat is available for purchase through Homewise's Home for Life Plan, which allows individuals aged 60 or over to secure the property with a Lifetime Lease and a share of the property value. The cost of the Lifetime Lease is £79,250, which is 33% less than the market value of £120,000. The property has no forward chain and is ideal for first-time buyers or investors, with good transport links and a sunny garden. The property is being sold using the Modern Method of Auction, and interested parties can view, offer, or bid on the property. The property has a potential rental yield of 6.8%, and a new lease will be created upon completion of the purchase.