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2 bedroom detached bungalow for sale
Grange Drive, Newport, Isle of Wight
£181,500
Grange Drive, Newport, Isle of Wight
£181,500
Price History
Initial price | £182,000 |
26/08/25 | £181,500 |
Price Change | -0.27% |
Description
This property, a lovely detached bungalow, 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 those aged 60 or over to secure the property with a lifetime lease and a share of the property value, typically saving between 20% to 50% of the market value. For this property, the lifetime lease price is £181,500, which is based on an average saving of 33%. The property itself has a market value of £275,000 and features a well-presented interior, with a lounge that opens onto a sun room and an enclosed garden to the rear. The property is located in a small cul-de-sac on the edge of Newport, with potential to make the garden one's own.