2 bedroom detached bungalow for sale

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2 bedroom detached bungalow for sale

Grange Drive, Newport, Isle of Wight
£182,000

Our Summary

  • The garden offers some potential to make it your own and is fully enclosed

Description

This detached bungalow is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Lifetime Lease plan. The plan allows individuals aged 60 or over to secure the property with a lifetime lease, paying a percentage of the market value, which can be up to 50% of the property's value. The cost of the lifetime lease is typically less than the full market value, with customers saving between 20% to 50%. The property itself is a well-presented detached bungalow with an enclosed garden, situated in a small cul-de-sac near Newport. It features a lounge with sliding doors to a sun room, kitchen, shower room, and two bedrooms. The property is being sold with the option to purchase it at the full market value of £275,000, or through the Home for Life plan.