2 bedroom detached bungalow for sale

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2 bedroom detached bungalow for sale

The Esplanade, Rochester, Kent
£264,000

Our Summary

  • There is basic modernisation required throughout and there is an extensive rear garden ready for buyers to create their potential forever home
  • Loft room with potential to extend and create an office space or additional bedroom (subject to the necessary planning)

Description

This detached bungalow is being offered with a unique opportunity for those aged 60 or over to secure the property with a Lifetime Lease from Homewise. The Lifetime Lease allows buyers to purchase a share of the property value, up to 50%, to safeguard for the future, typically saving between 20% to 50% of the market value. The current guide price for the Lifetime Lease is £264,000, based on an average saving of 33%, compared to the market value of £400,000. The property itself is a rare find, with a handy loft room and an extensive rear garden, perfect for buyers looking to create their forever home. The property requires basic modernisation throughout, but offers a lot of potential for renovation.