Wheatfield Court

£75,000
  • Ref: P1818
  • Type: Flat
  • Availability: Sold
  • Bedrooms: 1
  • Bathrooms: 1
  • Tenure: Leasehold
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  • Floorplan

Property Features

  • One Bedroom
  • Ground Floor
  • 70% Ownership - No Additional Rent!
  • Leasehold
  • EPC rating C
  • NO CHAIN

Property Summary

FANTASTIC opportunity to purchase affordable, over 55s accommodation just a short stroll from Lancaster city centre. Offered on a 70% ownership basis (no additional rent), this ground floor, one bedroom flat is ideal for those looking to downsize and be close to the city's amenities. 

Full Details

<p>The property briefly comprises; entrance hall, kitchen, double bedroom, generous lounge, sun room and shower room. Externally there is a lovely private garden and a courtyard for residents parking. 'Lifeline' is already installed. Conveniently located in the city centre and a short walk to Lancaster train station. NO CHAIN.</p>
<p>Wheatfield Court, Lancaster<br />This property is available to those <strong>retired from active employment</strong> and <strong>over the age of 55 years.</strong> <br />The property is Leasehold and is offered on a 99-year Lease. The Freehold remains with Lancaster City Council who retain a 30% equity in the property for which there is <strong>no additional cost or rent to be paid</strong>.</p>
<p>The Lease is not assignable, but is to be surrendered back to the City Council, i.e. there is a guaranteed purchaser (Lancaster City Council) of the property should the Tenant (current owner) wish to leave.<br />There is an annual Service Charge payable to the City Council which is currently £400 per annum and covers maintenance of the buildings and common areas, buildings insurance, servicing and maintenance of the Lifeline System and management costs. This cost is variable.</p>Council tax band: A, Tenure: Leasehold, EPC rating: C.