Summary - 5 BEECHFIELD AVENUE TORQUAY TQ2 8HU
4 bed 1 bath Semi-Detached
Shared-ownership Lifetime Lease for over‑60s — lower upfront cost, long-term security.
- Four bedrooms in a compact 920 sq ft layout
- Lifetime Lease guide price £234,500 for over-60s (Homewise)
- Full market price £350,000; savings vary by age and share
- Shared-ownership arrangement; buyers may purchase up to 50% share
- Only one bathroom; may be tight for four bedrooms
- Multi-storey layout — stairs could limit mobility
- Decent rear garden and single garage for parking/storage
- Tenure details unverified; solicitor confirmation required
A four-bedroom semi-detached home on Beechfield Avenue presented as a retirement-suitable option through Homewise’s Home for Life Lifetime Lease. The property offers 920 sqft across multiple storeys, a decent rear garden and a single garage — practical outdoor and parking space for downsizers who still want room for visiting family.
The Lifetime Lease guide price shown is £234,500 (based on an average saving of 33% against the full market value of £350,000). The plan allows purchasers aged 60+ to buy a share of the property (up to 50%) to safeguard capital; the exact price depends on age and personal circumstances. This shared-ownership arrangement is the material selling point for those seeking reduced upfront cost with long-term security.
Practical drawbacks are clear and factual: the home is relatively small for four bedrooms (approx. 920 sq ft), has only one bathroom, and tenure details should be verified by your solicitor. The property is being marketed as suitable for retirement living but remains multi-storey, so stair access may be an issue for less mobile buyers. All measurements and service details are approximate and must be checked in a formal survey.
Set in a low-crime area of Torquay with fast broadband and excellent mobile signal, the house is close to local shops, healthcare and green spaces. It will suit older buyers wanting a secure, affordable way to remain in the area while retaining room for guests, or an investor comfortable with shared-ownership arrangements and modest refurbishment potential.
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