Spacious period-style retirement home in quiet hamlet with large garden and Lifetime Lease option.
Detached 3-bedroom home on a large secluded plot
Set in a quiet hamlet near Crediton, this three-bedroom detached 1950s home sits on a generous plot and offers traditional Georgian-inspired proportions across approx. 1,515 sq ft. The living room with a fireplace and symmetrical facade retain character while double glazing and an oil-fired boiler provide basic modern comforts.
This property is being offered through a Home for Life Lifetime Lease example: the full market price is £450,000, while a guide Lifetime Lease price (typical saving of 33% for over-60s) is £301,500. The Lifetime Lease lets eligible buyers (age 60+) buy a percentage share (up to 50%) of the property value; the final price depends on age and personal circumstances. Interested purchasers must verify exact costs using the Homewise calculator or a personalised quote and have their solicitor check tenure/lease details.
Practical points to note: heating runs from an oil boiler (off-grid fuel), broadband speeds in the area are very slow, and the property is classed as shared ownership/retirement housing so tenure should be independently checked. The setting offers very low crime, excellent mobile signal and a strong rural feel — good for downsizers seeking countryside calm, but less suited to buyers needing fast internet or modern energy infrastructure.
Overall this is a roomy, characterful detached retirement option with genuine potential for updating. It will suit over-60 buyers looking to safeguard part of their housing value while enjoying a large plot and peaceful village life, provided they accept oil heating and limited broadband.