3 bedroom detached bungalow for sale

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3 bedroom detached bungalow for sale

Station Road, Rayleigh, SS6
£402,000

Price History

Initial price £435,500
29/01/25 £402,000
Price Change -7.69%

Description

Through Homewise's Home for Life Plan, individuals aged 60 or over can purchase a Lifetime Lease and a share of the property value to secure their future. The cost of the Lifetime Lease is typically less than the full market value, with customers saving between 20% to 50%. For this particular property, the Lifetime Lease price is £402,000, which is 33% less than the market value of £600,000. The plan allows customers to purchase a share of the property value up to 50% to safeguard for the future. The property itself is a beautifully refurbished and extended detached bungalow with an open-plan living space, three double bedrooms, and a luxurious bathroom. It is being marketed as an example of a property that can be purchased using a Home For Life Lifetime Lease, and is not exclusively for sale to over-60s.