3 bedroom terraced house for sale

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3 bedroom terraced house for sale

Lichfield Road, Portsmouth, Hampshire
£198,500

Our Summary

  • Liveable condition with potential for improvements

Description

This property, a terraced house in the Lichfield Road area of Baffins, is being marketed by Homewise as an example of a property that can be purchased using their Home for Life Lifetime Lease plan. The plan allows individuals aged 60 or over to secure a lifetime lease and a share of the property value, with the cost to purchase the lease always being less than the full market value. For this property, the lifetime lease price would be £198,500, representing a 33% saving on the market value of £300,000. The property itself is a well-presented three-bedroom home with a lounge, dining area, conservatory, kitchen, utility room, and three bedrooms, as well as a shower room and rear garden. It is being sold with no forward chain and is suitable for both investment buyers and families.