Summary - WELLINGTON WAREHOUSE, REGENT PLACE EX34 9AB
6 bed 4 bath Terraced
Renovated six-bed Georgian home — Homewise Lifetime Lease option for over-60s; short lease term applies.
Six double bedrooms across four floors, 13 rooms in total
Wellington Warehouse is a substantial six-bedroom Georgian terraced home arranged over multiple floors, recently renovated to combine period character with contemporary fittings. High ceilings, wooden double-glazed sash windows and four en-suite bedrooms create comfortable, flexible accommodation suitable as an age-friendly base, holiday residence or multi-occupancy rental. The property sits between the High Street and Esplanade close to the harbour and town amenities.
This property is being offered with a Home for Life Lifetime Lease option for buyers aged 60+, with a guide Lifetime Lease price of £281,500 (market value £420,000). The plan lets purchasers buy a percentage share (up to 50%) to reduce upfront cost; actual price depends on age and circumstances. The house has gas central heating, a hard-wired fire alarm, modern kitchen and a large enclosed patio garden approximately 36' x 14'.
Important lease information: only around nine years remain on the lease. That limited lease term is a material drawback — many mortgage lenders will decline lending and this will affect resale and purchase options. There is an optional block of five nearby parking spaces (North Devon Council landlord) at about £60 pcm; prospective buyers should confirm costs and parking terms.
Viewers considering this as a retirement purchase or part-buy/part-safeguard arrangement should obtain independent legal and financial advice. Solicitors must verify lease, tenure and service/parking arrangements, and interested parties should check eligibility and personalised Lifetime Lease quotes with Homewise before proceeding.
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