Initial price	£231,500
05/11/24	£231,000
Price Change	-0.22%

This property, a chain-free terraced house in Rochester, is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Lifetime Lease plan. The plan allows individuals aged 60 or over to secure a property with a lifetime lease, paying a reduced price compared to the full market value. For this property, the Lifetime Lease price is £231,000, representing a 33% saving on the market value of £350,000. The property itself features four bedrooms, a bathroom, and front and rear gardens, making it an ideal first-time buy. The plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future, and Homewise does not own the property, which is being marketed by Wards estate agents.