Over‑60s Lifetime Lease option — lower upfront cost, needs some modernisation.
4 bedrooms and 2 bathrooms across approx. 1,043 sq ft
Lifetime Lease guide price £181,000 (over‑60s example); market £270,000
Solid brick construction; likely no cavity insulation, needs energy upgrades
Small rear garden and small overall plot
Medium flood risk for the area — factor insurance costs
Mains gas boiler and radiators; fast broadband, average mobile signal
Tenure/lease details unverified — solicitor confirmation required
Suitable as a retirement/downsizing home but needs some refurbishment
A spacious four-bedroom mid-terrace arranged over multiple floors, offering generous internal space (approx. 1,043 sq ft) and a small rear garden. The property dates from the early 20th century and retains solid-brick construction, providing scope for internal modernisation and energy-efficiency improvements. It sits in a city/major town location with good local amenities, fast broadband and generally low crime.
This listing is marketed with a Home for Life Lifetime Lease example price for buyers aged 60+: an indicative Lifetime Lease guide price of £181,000 (typical saving around 33% versus the market price of £270,000). The actual Lifetime Lease cost depends on the purchaser’s age, circumstances and the percentage share they choose to purchase (up to 50%). If not using the Home for Life plan, the full market price is £270,000. All eligibility and personalised pricing should be confirmed directly with Homewise; tenure and legal details must be verified by your solicitor.
Practical considerations: the property has a small plot and medium flood risk for the area. Construction is likely solid brick with no original cavity insulation, so expect to budget for insulation and potential heating upgrades despite mains gas boiler and radiators. The house is suited to someone wanting comfortable, adaptable accommodation in Torquay who accepts some modernisation work to improve energy efficiency and finish.
For an over-60 buyer looking to reduce upfront cost while retaining future value, the Homewise Lifetime Lease option offers a way to secure a long-term home with significant potential savings. Buyers not using that scheme should be aware of the full market price and confirm all legal and service details before proceeding.