2 bedroom detached bungalow for sale

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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 fine countryside views and a larger-than-average layout. The property has been extended to include an extra bedroom and a sun lounge, and features a lounge, kitchen, bedroom 1, bedroom 2, dining room, wet room, and conservatory. The property can be purchased through the Home for Life Plan, which allows individuals aged 60 or over to secure the property with a lifetime lease and a share of the property value. The cost of the lifetime lease is less than the full market value, with typical savings ranging from 20% to 50%. The plan allows customers to purchase a share of the property value up to 50% to safeguard for the future.