Straight Road, Romford RM3 3 bed bungalow for sale

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Straight Road, Romford RM3 3 bed bungalow for sale

Straight Road, Romford RM3
£281,000

Our Summary

  • PROPERTY DESCRIPTIONThis bungalow has the potential to be extended and improved subject to local planning permission
  • Potential to extend STPP

Description

This property 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 aged 60 or over. The plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future, with the cost typically being less than the full market value. For this property, the Lifetime Lease price is £281,000, based on an average saving of 33%, compared to the market value of £425,000. The property itself is a bungalow with potential to be extended and improved, located in a convenient area with off-road parking, an outbuilding, and a rear garden. The plan is designed to provide security and peace of mind for homeowners aged 60 or over, allowing them to purchase a share of the property value to safeguard for the future.