2 bedroom terraced house for sale

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2 bedroom terraced house for sale

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.