Homewise says ..

Property Oracle says ..

This 2-bedroom apartment at Colebrooke Lodge in Reigate, Surrey, presents as a modern, well-maintained property within a retirement community. The provided photographs showcase a contemporary interior with a high standard of finish. The apartment is described as being part of a Retirement Property scheme offering Lifetime Lease options, tailored to the circumstances and requirements of Over 60s. Note that the price is based on the guide price for the lease, which will vary. Buyers are advised to check the exact terms and conditions associated with the purchase, and to clarify that the price quoted incorporates all necessary expenses.

The location in Reigate is attractive given the town’s reputation, proximity to transport links (Reigate train station is 2.08 KM away) and several schools. The community setting of Colebrooke Lodge provides residents with communal gardens, social opportunities, and potentially 24 hour support services, though details of the specific amenities provided are limited. While the absence of a private garden might be a drawback for some, this is offset by the communal grounds and other benefits that the property offers.

Potential buyers should be aware that this is specifically marketed towards those aged 60 and over through a lifetime lease arrangement. This type of ownership has unique implications, so professional legal advice is highly recommended before committing to a purchase to ensure it aligns with their financial and lifestyle needs. While it is marketed as a great value option, this assessment is made relative to other properties with similar Leasehold arrangements. The price is competitive, but should not be seen as a standard free-hold comparative.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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