Lifetime Lease savings for buyers aged 60 plus, with low-maintenance garden and driveway.
Lifetime Lease guide price £194,250; market price £290,000
Eligibility for Home for Life plan: over 60s only (for Lifetime Lease)
Compact 3-bedroom layout — approximately 592 sq ft
Single bathroom only; may be limiting for some buyers
Driveway, bay window and decent rear garden plot
Tenure unspecified — solicitor confirmation required
Very low local crime; fast broadband and excellent mobile signal
Small overall size — suitable for low-maintenance retirement living
This mid-20th-century terraced house in EX4 offers a practical three-bedroom layout across two storeys, presented as a suitable retirement home. The property is compact (approximately 592 sq ft) with a bay-front, driveway and a decent garden plot — sensible outdoor space without extensive upkeep. Broadband is fast and mobile signal excellent, and the area shows very low crime and affluent indicators.
Eligible buyers aged 60+ can purchase via the Home for Life Lifetime Lease from Homewise, typically saving between 20%–50% off the market value. A representative Lifetime Lease guide price for this property is £194,250 (market price £290,000); the actual amount depends on age, circumstances and the percentage of equity you choose to secure. The plan allows purchasing up to a 50% share in the property value to safeguard future housing needs.
Practical drawbacks are clear: the home is small and has just one bathroom, so space may feel limited for some buyers. Tenure details are not provided and must be confirmed by your solicitor. The sale information should be independently verified, including fixtures, services and any planning consents for alterations. For those over 60 seeking lower upfront cost and a straightforward, low-maintenance property near city amenities, this offers genuine value and peace of mind.
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