2 bedroom ground floor flat for sale

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2 bedroom ground floor flat for sale

Second Drive, Teignmouth, Devon
£241,250

Price History

Initial price £251,250
06/07/25 £241,250
Price Change -3.98%

Description

Through Homewise's Home for Life Plan, individuals aged 60 or over can purchase a Lifetime Lease and a share of the property's 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 £241,250, based on an average saving of 33%, compared to the market value of £360,000. The plan allows customers to purchase up to 50% of the property's value to safeguard for the future, and the price paid will vary depending on age, personal circumstances, and requirements. The property is being marketed as an example of a property that can be purchased using a Home for Life Lifetime Lease, and interested individuals can use Homewise's calculator to estimate their potential savings.