4 bedroom detached bungalow for sale

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4 bedroom detached bungalow for sale

East Nynehead, Wellington, Somerset, TA21
£234,500

Price History

Initial price £258,000
03/12/24 £251,250
11/12/24 £234,500
Price Change -9.11%

Description

This detached 4-bedroom bungalow in a rural location is available for purchase through the Home for Life Plan from Homewise, a lifetime lease option designed for those 60 and over. The plan allows homeowners to purchase a share of the property value (up to 50%) to safeguard for the future, with the cost to purchase the lifetime lease typically being less than the full market value. For this property, the lifetime lease price is £234,500, based on an average saving of 33%, with the market value price being £350,000. The property features a generous corner plot, extended accommodation, garden, and double garage, and is being marketed as an example of a property that can be purchased using the Home for Life Lifetime Lease. Interested buyers are advised to seek financial advice before purchasing, as mortgage lenders may not lend against non-standard construction properties like this one.