Initial price	£182,000
01/04/25	£181,500
Price Change	-0.27%

This property, a second-floor apartment with a balcony and allocated parking, is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Lifetime Lease plan. For those aged 60 or over, this plan allows them to secure the property with a lifetime lease, with the option to purchase a share of the property value (up to 50%) to safeguard for the future. The cost of the lifetime lease is always less than the full market value, with customers typically saving between 20% to 50%. The market value of this property is £275,000, but the lifetime lease price for an over-60s customer would be £181,500, based on an average saving of 33%.