3 bedroom detached house for sale

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3 bedroom detached house for sale

Oak Way, Sutton Coldfield, B76 2PG
£325,000

Price History

Initial price £335,000
31/05/24 £328,250
17/07/24 £318,250
04/08/24 £335,000
09/02/25 £325,000
Price Change -2.99%

Description

Through the Home for Life Plan from Homewise, individuals aged 60 or over can purchase a Lifetime Lease and a share of the property value to secure their future. The cost of the Lifetime Lease is always less than the full market value, with customers typically saving between 20% to 50%. For this specific property, the Lifetime Lease price is £325,000, based on an average saving of 33%, compared to the market value of £485,000. The plan allows customers to purchase up to 50% of the property value to safeguard for the future, and the price paid will vary according to age, personal circumstances, and requirements. Homewise does not own the property and it is not exclusively for sale to over-60s, but is being marketed as an example of a property that can be purchased using a Home For Life Lifetime Lease.