Initial price	£347,000
16/04/25	£346,500
Price Change	-0.14%

This detached bungalow in Southbourne village is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Lifetime Lease plan, which allows people aged 60 or over to secure a property with a lifetime lease and a share of the property value. The plan allows customers to purchase up to 50% of the property value, with the cost being less than the full market value, typically saving between 20% to 50%. The property itself is a spacious bungalow with flexible accommodation, a sunny rear garden, and is close to shops, schools, and public transport. The market value of the property is £525,000, but the Lifetime Lease price for someone aged 60 or over would be £346,500, based on an average saving of 33%.