2 bedroom detached bungalow for sale

>

2 bedroom detached bungalow for sale

Merrie Gardens, Lake, Isle of Wight
£175,000

Price History

Initial price £175,500
04/04/25 £175,000
Price Change -0.28%

Description

This modern bungalow in Merrie Gardens estate is a perfect retirement home, offering a larger-than-average layout with fine countryside views. The property has been extended to provide an extra bedroom and a dining room, and features a sun lounge that takes advantage of the views. The bungalow is being marketed by Homewise as an example of a property that can be purchased using a Home For Life Lifetime Lease, which allows individuals aged 60 or over to secure the property with a lifetime lease and a share of the property value, potentially saving between 20% to 50% of the market value. The cost of the lease is £175,000, based on an average saving of 33%, compared to the market value of £265,000.