1 bed Flat For Sale £72,500
Wheatfield Court, Lancaster, LA1

This first floor, one bedroom flat located 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 accommodation and for those looking to downsize. The property briefly comprises; entrance hall, stairs and landing, kitchen, double bedroom, generous lounge and bathroom.

Externally there is a courtyard for residents parking. 'Lifeline' is already installed and can be used at an additional fee.

Conveniently located in the city centre and a short walk to Lancaster train station. NO CHAIN.

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.