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. The plan allows individuals aged 60 or over to secure a property with a lifetime lease, paying a price that is typically 20-50% less than the full market value. The price for this property would be £165,000, based on an average saving of 33%. The property itself has a market value of £250,000 and features a quiet location, direct access to communal gardens, and an allocated parking space. The home has a spacious layout, with a lounge, kitchen, bedroom, and shower room. The plan allows individuals to purchase a share of the property value, up to 50%, to safeguard for the future.