Initial price	£221,500
01/05/25	£221,000
Price Change	-0.23%

This detached bungalow, located in the countryside near Wroxall village, 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 individuals aged 60 or over to secure the property with a lifetime lease, paying a price that is typically 20-50% less than the full market value. For this property, the Lifetime Lease price is £221,000, based on an average saving of 33%. The property itself is a two-bedroom bungalow with a dining room, lounge, kitchen, and two bathrooms, situated in a quiet location with wonderful countryside views. The plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future, and Homewise does not own the property or exclusively market it for the over-60s.