Initial price	£106,000
26/08/25	£105,500
Price Change	-0.47%

For individuals aged 60 or over, Homewise offers a Home for Life Plan, which allows them to purchase a Lifetime Lease and a share of the property value to safeguard their future. The cost of the Lifetime Lease is always less than the full market value, with customers typically saving between 20% to 50%. For this particular property, the Lifetime Lease price is £105,500, which is a 33% saving on the market value of £160,000. The plan allows customers to purchase up to 50% of the property value, and Homewise does not own the property, which is being marketed as an example of a property that can be purchased using a Home For Life Lifetime Lease. The property itself is a studio apartment located near the mainline station and town centre, with allocated parking and reasonable management costs, making it ideal for first-time buyers and investors.