3 bedroom detached bungalow for sale

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3 bedroom detached bungalow for sale

Binstead Lodge Road, Binstead, Ryde, Isle of Wight
£215,000

Price History

Initial price £218,500
06/10/25 £218,000
19/10/25 £214,500
10/11/25 £215,000
Price Change -1.60%

Description

This detached bungalow in the village of Binstead is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Plan. The plan allows individuals aged 60 or over to purchase a Lifetime Lease and a share of the property value, typically saving between 20% to 50% of the full market value. The Lifetime Lease price for this property is £215,000, based on an average saving of 33%, while the market value price is £325,000. The property itself offers good-sized accommodation, including an entrance hallway, lounge/dining room, kitchen, three bedrooms, shower room, and conservatory, set within a village with various amenities.