2 bedroom detached house for sale

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2 bedroom detached house for sale

Monkton Road, Minster, Ramsgate, Kent
£165,500

Our Summary

  • PROPERTY DESCRIPTIONPerfect first time buy or investment opportunity

Description

This property, a detached house in the village of Minster, is being marketed as an example of a property that can be purchased using a Home For Life Lifetime Lease. The Home For Life Plan, offered by Homewise, allows those aged 60 or over to secure a property with a lifetime lease and a share of the property value, typically saving between 20% to 50% of the market value. The property itself has been well maintained and modified, with spacious rooms and two shower rooms, and benefits from a low-maintenance garden. The asking price for the lifetime lease is £165,500, based on an average saving of 33%, which is less than the full market value of £250,000. The plan allows customers to purchase up to 50% of the property value to safeguard for the future, and the price will vary depending on age, personal circumstances, and requirements.
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