Leasehold bungalows

Bungalows4

We are currently accepting expressions of interest from people wishing to purchase a one bedroom leasehold bungalow.  At this time, we are only considering  individuals who are ready to move this year.  Please telephone Sherine Balogun on Tel: 0208 777 1122 if you would like more information or an Expression of Interest Form.

There are 65 bungalows built in the grounds of Bencurtis Park, sold with a sixty year reversionary lease.  The bungalows vary in both age and design either having one or two bedrooms.  Each bungalow has either a small rear private garden or patio and there is communal parking.  A quarterly management charge is made to cover the cost of external maintenance, insurance, upkeep of the grounds and communal areas and the warden service and call system.

When the bungalow becomes available for re-sale, an independent market valuation of the remaining years on the lease is obtained and the Association will seek a suitable purchaser.  The Association charges a fee of 7.5% which is deducted from the proceeds of the sale. A new 60 year reversionary lease is then granted to the new leaseholder.

Please note that there is considerable demand for properties, registering with us does not mean that you will proceed to complete a purchase.