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1 bedroom apartment for sale

Minnis Road, Birchington, Kent

Guide Price £59,500

Property Description

Key features

  • Over 60s only under Homewise's lifetime lease plan
  • Discounts range from 8.5% to 59%
  • The actual price you will pay depends on your age, personal circumstances and property criteria
  • Call for a personalised quote
  • Best Offers invited, closing Monday 22nd October 2018
  • In need of complete refurbishment
  • Great investment opportunity
  • Offered with the benefit of no onward chain
  • Large balcony
  • EPC energy rating D (66)

Full description

Tenure: Leasehold

PURCHASING THIS PROPERTY WITH A LIFETIME LEASE


This property is offered at a reduced price for people aged over 60 through Homewise´s Home for Life Plan. Through the Home for Life Plan, anyone aged over sixty can purchase a lifetime lease on this property which discounts the price from its full market value. The size of the discount you are entitled to depends on your age, personal circumstances and property criteria and could be anywhere between 8.5% and 59% from the property´s full market value. The above price is for guidance only. It is based on our average discount and would be the estimated price payable by a 69-year-old single male. As such, the price you would pay could be higher or lower than this figure.

For more information or a personalised quote, just give us a call. Alternatively, if you are under 60 or would like to purchase this property without a Home for Life Plan at its full market price of £90,000, please contact Ward & Partners.

PROPERTY DESCRIPTION


Oh, I do like to be beside the seaside! And so will you; but the great news is that you won't have to pay through the nose for the opportunity …

This upper ground floor flat in Minnis Bay has so much potential for the right buyer. All of the rooms are well proportioned and have the high ceilings, large windows and period charm that you would expect from a property of this age and style.

There is also the added benefit of a large balcony accessed from the living room; ideal for a cup of coffee in the morning while breathing in the sea air and watching the world go by.

What we have here is, without a doubt, a great investment opportunity. The apartment is offered with vacant possession and in need of a complete refurbishment. However, this row of flats are highly sought-after with a wide variety of buyers when brought up to a modern standard.

Historically there have been attempts at internal remodelling of the layout, with the removal and re-installation of stud walls meaning that there may be the opportunity to add a small second bedroom to the property.

the apartment has a low lease and so may not be suitable for a mortgage. The owner is in the process of securing the right for the buyer to extend the lease after completion.

 
Please refer to the footnote regarding the services and appliances.

Room sizes:

  • FIRST FLOOR
  • Double Room
  • Bedroom
  • Balcony
  • Bathroom

 
Closing date for receipt of Best Offers is Monday 22nd October 2018 at 12pm. Please refer to the Bid Pack within the Full PDF brochure link provided below, for a full explanation of the process.

 
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.


More information from this agent

Listing History

Added on Rightmove:
13 September 2018

Map & Street View

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