Initial price	£112,500
08/07/25	£112,000
Price Change	-0.44%

This property is a terraced house in East Cowes that requires renovation and 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, paying a reduced price based on their age and personal circumstances. The market value of the property is £170,000, but those eligible for the plan can purchase a share of the property value, up to 50%, for a significantly reduced price. The property offers ample space, a sunny rear garden, and is located close to local amenities. The price of the lifetime lease will vary depending on individual circumstances, but those aged 60 or over can expect to save between 20% to 50% of the market value.