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£65,000

Wheatfield Court, Lancaster, LA1

  • 1 bed
Flat

£65,000

  • 1 bed
Flat
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Estimate monthly mortgage payment:

£297 per month

Minimum deposit amount:

£3,250
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Priced to reflect the modernisation required, this first-floor, one-bedroom flat with parking is situated in a lovely over-55s development just a short walk from the city centre and close to the train station.? This is a fantastic opportunity to purchase affordable city centre accommodation and for those looking to downsize.

The property briefly comprises; entrance hall and stairs, kitchen, double bedroom, generous lounge with Juliet balcony and a wet-room with shower and pull-down seating. Externally there is a courtyard for residents parking.

'Lifeline' is already installed to the development and can be connected at an additional fee. The property is conveniently located in the city centre and a short walk to Lancaster train station.? Wheatfield Court, Lancaster is available to those retired from active employment and over the age of 55 years.

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 no additional cost or rent to be paid. 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.

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.?

Council tax band: A, Domestic rates: £1505.37, Tenure: Leasehold, Annual service charge: £400, EPC rating: C Rooms Entrance - Wood front door. High level uPVC windows to provide light yet keep privacy. Stairs to the flat accommodation. Landing - Access to all rooms and uPVC window providing natural light. Wet Room - Fully tanked flooring and panelled walls to provide wet room. W.C. and pedestal sink in cream. Electric shower with pull-down seat, hand rails and shower curtain. Cupboard housing hot water cylinder. Extractor fan and uPVC window for ventilation. Electric heater. Lounge - Good size lounge with space for dining table if desired. Window and door in uPVC with a Juliet balcony. Electric storage heater. Kitchen - In need of updating. Kitchen units with stainless steel sink and drainer. Space and plumbing for washing machine, electric oven and fridge. Separate pantry cupboard. Modern uPVC window. Electric heater. Bedroom - Two uPVC window to two aspects. Ample space for double bed and storage. Electric storage heater. Lease Details - Upon purchase the new owner will be entered in to a new 99 year lease with Lancaster city council. There is no ground rent to pay. Service charge is around £400 per annum.
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