Initial price	£261,250
22/11/24	£251,250
Price Change	-3.83%

This property is a well-proportioned three-bedroom semi-detached bungalow situated on Preston Down Road, close to local amenities and with great access to Torquay, Newton Abbot, and Exeter. For those aged 60 or over, Homewise offers a Home for Life Plan, which allows them to purchase a Lifetime Lease and a share of the property value to safeguard for the future. The cost of the Lifetime Lease is less than the full market value, with typical savings ranging from 20% to 50%. The market value price of the property is £375,000, but with the Home for Life Plan, the price would be £251,250, based on an average saving of 33%. The plan allows customers to purchase up to 50% of the property value to safeguard for the future, and Homewise does not own the property, which is being marketed as an example of a property that can be purchased using a Home for Life Lifetime Lease.