2 bedroom detached bungalow for sale

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2 bedroom detached bungalow for sale

Bannock Road, Whitwell, Isle of Wight
£247,500

Price History

Initial price £248,000
13/11/24 £247,500
Price Change -0.20%

Description

This detached bungalow is available for purchase through Homewise's Home for Life Plan, which allows those aged 60 or over to secure the property with a Lifetime Lease and a share of the property value. The Lifetime Lease price for this property is £247,500, which is 33% less than the market value of £375,000. The plan allows customers to purchase up to 50% of the property value to safeguard for the future. The property itself is a spacious detached bungalow with a large main bedroom, lovely gardens, and a handy garage and driveway. The room sizes are: hallway, lounge, kitchen/dining area, bathroom, bedroom 1, and bedroom 2. The property is being marketed by Homewise as an example of a property that can be purchased using a Home For Life Lifetime Lease, but it is not exclusively for sale to the over-60s.