Red Lodge Mews, Southsea PO5 3 bed semi

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Red Lodge Mews, Southsea PO5 3 bed semi

Red Lodge Mews, Southsea PO5
£247,500

Price History

Initial price £264,500
01/04/25 £248,000
15/04/25 £247,500
Price Change -6.43%

Description

This unique semi-detached home, located close to Southsea seafront, is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Plan. The plan allows those aged 60 or over to secure a Lifetime Lease and a share of the property value, typically saving between 20% to 50% of the market value. The lifetime lease price for this property is £247,500, based on an average saving of 33%, compared to the market value of £375,000. The property itself features an "upside down" layout, with open plan living space, off-road parking for two vehicles, and three bedrooms. It is close to good transport links and local amenities, making it an attractive option for those looking for a secure and affordable place to live in their retirement.