>
2 bedroom terraced house for sale
Park Road, St Marychurch, Torquay, Devon, TQ1
£152,500
Park Road, St Marychurch, Torquay, Devon, TQ1
£152,500
Price History
| Initial price | £167,500 |
| 25/06/25 | £160,750 |
| 25/07/25 | £157,500 |
| 24/10/25 | £152,500 |
| Price Change | -8.96% |
Description
Through Homewise's Home for Life Plan, individuals aged 60 or over can purchase a Lifetime Lease and a share of the property value to secure their future. The cost of the Lifetime Lease is always less than the full market value, with typical savings ranging from 20% to 50%. For this specific property, the Lifetime Lease price is £152,500, which is based on an average saving of 33%. This means that the buyer would pay £152,500 for the property, compared to the full market value of £227,500. The plan allows buyers to purchase up to 50% of the property value to safeguard for the future, and the price paid will vary depending on the buyer's age, personal circumstances, and requirements.