2 bedroom detached bungalow for sale

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2 bedroom detached bungalow for sale

Larkstone Gardens, Ilfracombe, Devon, EX34
£281,500

Our Summary

  • Occupying a generous plot, the property boasts substantial front and rear gardens, offering excellent scope for landscaping or further development (subject to any necessary permissions)
  • While the property does require modernisation and updating, it holds exciting potential as a renovation project and would make a wonderful forever home in a quiet, residential setting

Description

This property, a 2/3-bedroom detached bungalow in Ilfracombe, is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Plan. The plan allows those aged 60 or over to purchase a Lifetime Lease and a share of the property value, with the cost being less than the full market value. The plan can save buyers between 20% to 50% of the market value, and for this property, the Lifetime Lease price would be £281,500, based on an average saving of 33%. The property itself is a rare opportunity in a prime location, with substantial front and rear gardens, off-street parking, and a garage. While it requires modernisation and updating, it holds exciting potential as a renovation project and would make a wonderful forever home in a quiet, residential setting.