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5 bedroom chalet for sale
Clarence Avenue, Palm Bay, Margate, Kent
£363,000
Clarence Avenue, Palm Bay, Margate, Kent
£363,000
Price History
Initial price | £396,500 |
22/10/24 | £396,000 |
24/10/24 | £363,000 |
Price Change | -8.45% |
Description
This property, a chalet bungalow, is being marketed as an example of a property that can be purchased using a Home For Life Lifetime Lease, a plan designed for those aged 60 or over. The plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future. The cost of the Lifetime Lease is typically less than the full market value, with customers typically saving between 20% to 50%. The property itself has a market value of £550,000, but the Lifetime Lease price for this property is £363,000, based on an average saving of 33%. The property features a sunny rear garden, off-road parking, and is walking distance to sandy beaches and coastal walks. It has five bedrooms, three bathrooms, a lounge, dining area, and kitchen, making it an ideal home for those looking to secure their future with a Lifetime Lease.