When Lynn Peters inherited a two-bedroom retirement flat from her parents in December 2023, she hoped to use proceeds from the sale to help her own children get on to the property ladder.
Her parents bought the flat in Maidenhead, Berkshire, for £450,000 in 2018. It passed to Lynn and her brother after their mother died in January 2019 and father in December 2023.
But two-and-a-half years later, the siblings have had to drop the price to £152,000 – little more than a third of the amount their parents paid for it eight years ago. Still the property won’t sell.
Worse yet, for
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.
