5 bedroom detached house for sale

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5 bedroom detached house for sale

Ferndale, Tunbridge Wells, Kent
£528,000

Price History

Initial price £561,500
30/10/24 £561,000
08/11/24 £511,500
09/11/24 £528,000
Price Change -5.97%

Description

This property is a well-presented detached house with a modern fitted kitchen, modern bathroom downstairs, and shower room upstairs. It also features a secure entry system and an annexe that is currently used as an Airbnb, generating £100-£110 per night in rental income. The property is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Lifetime Lease plan, which allows those aged 60 or over to secure the property with a lifetime lease and a share of the property value. The plan allows customers to purchase up to 50% of the property value to safeguard for the future, and the price paid will vary depending on age, personal circumstances, and requirements. The property's market value is £800,000, but those aged 60 or over can purchase the Lifetime Lease for £528,000, saving between 20% to 50%*.