Initial price	£178,500
08/08/25	£165,500
14/08/25	£165,000
Price Change	-7.56%

This property, a lovely ground floor flat in Cheam, 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, Homewise offers a Home for Life Plan, which allows customers to purchase a Lifetime Lease and a share of the property value to safeguard for the future. The cost of the Lifetime Lease is typically less than the full market value, with savings ranging from 20% to 50%. The price of the Lifetime Lease for this property is £165,000, which is 33% less than the market value of £250,000. The property features a lounge, kitchen, bedroom, shower room, allocated parking space, and access to communal gardens. It's perfect for a first-time buyer or investor.