This property, a waterside retreat in Ilfracombe, is being marketed as an example of a property that can be purchased using a Home For Life Lifetime Lease. The Home For Life Plan, offered by Homewise, allows individuals aged 60 or over to purchase a Lifetime Lease and a share of the property value to safeguard for the 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 property, the Lifetime Lease price is £97,750, which is 33% less than the market value of £146,000. The property itself is a spacious, bright, and airy lounge with a large bay window framing the spectacular coastal views, a modern kitchen, and a comfortable double-sized bedroom with an en-suite shower room. It also features an allocated off-road parking space, gas central heating, and double-glazed windows. The property is leasehold with a 999-year lease and an annual maintenance charge of £1,000. It can be used as a main residence, holiday let, or long-term letting, and domestic pets are allowed. The property is being sold by traditional online auction, with the guide price being £146,000, and the seller's reserve price will be met or exceeded for the property to sell.