Large single‑storey home on generous plot — Lifetime Lease option for over‑60s..
- Detached 3-bedroom bungalow on a large gated plot with farmland outlook
- Guide Lifetime Lease price £241,250; market price £360,000
- 14 solar panels installed; airspace for panels leased from 2015
- EV charger, garage/store, garden room, study and large utility
- 25 years remaining on lease — lenders may refuse mortgages
- Further rear parcel of land being registered by the sellers
- Well presented throughout, single-storey living ideal for downsizers
- Broadband slow; mobile signal average
This detached three‑bedroom bungalow sits on a large gated plot at the edge of Burgh le Marsh, presented for comfortable single‑storey living and retirement. Well proportioned rooms include a lounge, dining room, study, garden room, utility and a generous store/garage, while the rear backs onto farmland for a quiet outlook. Modern comforts include mains gas central heating, double glazing, an EV charger and 14 solar panels.
The property is being shown as suitable for over‑60s via the Home for Life Lifetime Lease scheme. The guide Lifetime Lease price is £241,250 (example saving ~33% against the £360,000 market value). The scheme can allow buyers to buy up to 50% of the value to protect capital while releasing funds now — exact price depends on age and circumstances and can be estimated via the Homewise calculator.
Buyers should note important lease and ownership matters. A 25‑year lease term applies (airspace for the solar panels is also held on a 25‑year lease from 2015). With only 25 years remaining, many mortgage lenders may refuse finance — this materially affects resale and mortgageability. There is also a parcel of land to the rear currently being registered by the sellers; tenure, leases and boundaries must be verified by a solicitor.
For downsizers seeking low‑maintenance, single‑level living close to coast and countryside, this bungalow offers scope to move in and enjoy, while also presenting choices around the Lifetime Lease purchase model. Verify lease details, lender acceptability and the effect of the solar panel airspace lease before committing.
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