2 bedroom detached bungalow for sale

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2 bedroom detached bungalow for sale

Strathwell Crescent, Whitwell, Isle of Wight
£181,500

Price History

Initial price £192,000
05/10/25 £191,500
10/10/25 £181,500
Price Change -5.47%

Description

This detached bungalow in Whitwell, a quiet village in the countryside, is being marketed as an example of a property that can be purchased using a Home For Life Lifetime Lease from Homewise. The property is being sold to those aged 60 or over, who can secure it with a lifetime lease and a share of the property value, saving between 20% to 50% of the full market value. The current market value of the property is £275,000, but the lifetime lease price for someone aged 60 or over would be £181,500, based on an average saving of 33%. The property itself is a three-bedroom bungalow with a good-sized lounge, separate dining area, and generous mature gardens to the front and rear. It also has a driveway and a useful garage with door leading to the garden, making it an ideal retirement home or for anyone looking for a quiet life.