Lifetime-lease option for buyers aged 60 plus with purchase flexibility.
Victorian mid-terrace over three floors, period bay windows
A three-storey Victorian terrace offering adaptable living across separate lounge and dining rooms, plus three bedrooms and a useful cellar/utility space. Period bay windows and double glazing help retain character while improving thermal performance. The property has a small rear garden and a recently added en-suite cloakroom to one first-floor bedroom.
This home is marketed with a Home for Life Lifetime Lease example price for over-60s: a guide Lifetime Lease figure of £155,500 (typical savings around 33% versus the full market price of £235,000). The plan allows buyers aged 60+ to purchase a share (up to 50%) and a lifetime lease to reduce upfront cost; the exact price depends on age and personal circumstances.
Practical points to note: the house sits in a very deprived area with a high local crime rate, and the plot is small. The solid brick walls likely lack cavity insulation and the layout and finishes will suit buyers prepared to update and personalise. Broadband and mobile signal are good, and local schools and amenities are within easy reach.
This property will suit an older buyer seeking to downsize while protecting some capital via the Lifetime Lease option, or an investor/first-time buyer willing to carry out modest improvements. Verify tenure, services and any purchase figures relevant to the Lifetime Lease with your solicitor and use the Homewise calculator for a personalised quote.
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