1 bedroom apartment for sale

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1 bedroom apartment for sale

Orchard Gardens, Teignmouth, Devon, TQ14
£67,000

Price History

Initial price £77,000
30/09/25 £67,000
Price Change -12.99%

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 customers typically saving between 20% to 50%. For this specific property, the Lifetime Lease price is £67,000, based on an average saving of 33%. This means that the buyer will pay £67,000 instead of the full market value of £100,000. The plan allows customers to purchase a share of the property value, up to 50%, to safeguard for the future. The price paid will vary depending on the buyer's age, personal circumstances, and requirements.