Homewise says ..

Property Oracle says ..

This property is a two-bedroom flat located in Chidham Close, Havant, Hampshire. The listing specifies it is a 'Home for Life Lifetime Lease' for over 60s. This is a significant factor to consider, as it is not a traditional freehold or leasehold purchase. The photographs suggest a flat in reasonable condition. The kitchen and bathroom appear reasonably well-maintained, and the bedrooms are of a decent size. There's a small communal garden area visible in the provided pictures. The location is close to Havant town centre, offering easy access to amenities and transport links. Several railway stations are within a reasonable distance providing links to Portsmouth and London. The price seems relatively lower compared to the listed nearby properties, however it's crucial to note that the type of ownership and the fact it is a lifetime lease impacts the sale price and the overall value of the property. Potential buyers should carefully evaluate the implications of a lifetime lease before proceeding with a purchase. They should also consider the potential limitations of the ownership model, and the potential lack of resale value compared to a more conventional property purchase. The lack of available square footage data is a notable deficiency and may make a full evaluation difficult. Therefore, further investigation is recommended before making a buying decision. Therefore, we give this property 5 / 10. *Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.*

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