Lifetime Lease option reduces upfront cost for qualifying buyers aged 60 and over.
Two bedrooms and two bathrooms in a compact 586 sq ft layout
A compact two-bedroom terraced house in Covingham, offered with a Home for Life Lifetime Lease option for buyers aged 60 and over. The property measures approximately 586 sq ft and sits on a small plot with a modest rear garden and shed—suitable for low-maintenance outdoor space. Interiors are presented in a contemporary style with wood flooring in the open-plan living area and a practical kitchen for everyday use.
This listing highlights the Homewise Lifetime Lease example price of £144,000 (guide) compared to a full market value of £215,000. The actual Lifetime Lease price depends on age and personal circumstances and allows purchase of up to a 50% share to safeguard future value. The scheme typically yields savings between 20% and 50% compared with full market cost; it is not an ownership guarantee and Homewise does not own the property.
Practical strengths include very low local crime, excellent mobile signal and fast broadband, and close access to local bus routes. The area is affluent with a mix of white professionals and aspiring urban households, and several nearby primary and secondary schools rated Good.
Notable points to check: tenure and lease details are not confirmed and must be verified by a solicitor. The property is small and may suit downsizers or retirement buyers rather than growing families. There is a medium flood risk on record. Buyers seeking a full market purchase can expect the listed price of £215,000.