Initial price	£185,500
09/05/25	£172,000
Price Change	-7.28%

This property, a first-floor flat in a quiet cul-de-sac in Hornchurch, 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 those aged 60 or over to secure the property with a lifetime lease and a share of the property value, saving between 20% to 50% of the full market value. The cost to purchase the lifetime lease is £172,000, based on an average saving of 33%, compared to the market value of £260,000. The property itself has a 950-plus year lease and features a large lounge/diner, two bedrooms, a dressing area, and a bathroom, with well-kept communal grounds and parking.