Initial price	£117,250
19/09/24	£113,000
Price Change	-3.62%

This 2-bedroom cottage in Ilfracombe, Devon, is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Plan. The plan allows individuals aged 60 or over to purchase a Lifetime Lease and a share of the property value, with the cost of the lease being less than the full market value. For this property, the Lifetime Lease price is £113,000, which represents a 33% saving on the market value of £168,500. The plan allows customers to purchase up to 50% of the property value to safeguard for the future. The property itself is a charming cottage located on Ilfracombe's oldest street, with sea views and no onward chain. It features an open-plan living room/kitchen/diner, two bedrooms, and a cloakroom, with the second bedroom having an en-suite shower room and sea views. The property is ready for immediate occupation and would make an ideal first-time purchase or buy-to-let investment.